2023 NGN to MUR Historical Review

YEARLY HIGH

0.1027 MUR

YEARLY LOW

0.0489 MUR

YEARLY AVERAGE

0.0764 MUR

2023 NGN to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 10, valuing the pair at 0.1027. Conversely, the yearly low was recorded on December 28, dropping to 0.0489.

This high-to-low spread represents a total annual volatility of 0.0538 MUR. From a start-to-finish perspective, comparing the January average rate of 0.0971 to the December average rate of 0.0546, the exchange rate registered a net change of -43.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1027 was down 6.96% compared to the 2022 peak of 0.1104, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 102,713 MUR

2022 Average 104,496 MUR

Yearly Trough Low 48,918 MUR

Transaction Impact: A difference of 53,794.47 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1057

0.0500

JanuMarcMayJulySeptNove

NGN to MUR Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0957, compared to 0.0571 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0386 points.

H1 Avg (Jan–Jun) 0.0957

H2 Avg (Jul–Dec) 0.0571

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0443 MUR (High: 0.0999 / Low: 0.0556). On the other end, May was the most stable month, with a tight range of 0.0016 MUR (High: 0.0992 / Low: 0.0975).

June Spread (Volatile) ±0.0443

May Spread (Stable) ±0.0016

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0218 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0218

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.1011) against the same month in 2022 (average: 0.1066), the exchange rate shifted by -0.0055 (-5.16%).

2023 Avg (March) 0.1011

2022 Avg (March) 0.1066

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0986	0.0955	0.0971
February	0.1012	0.0960	0.0993
March	0.1027	0.0987	0.1011
April	0.0988	0.0968	0.0979
May	0.0992	0.0975	0.0985
June	0.0999	0.0556	0.0804
July	0.0609	0.0573	0.0587
August	0.0610	0.0582	0.0593
September	0.0615	0.0569	0.0581
October	0.0583	0.0501	0.0567
November	0.0568	0.0536	0.0552
December	0.0584	0.0489	0.0546