2023 NPR to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NPR to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NPR to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 20, valuing the pair at 16.1727. Conversely, the yearly low was recorded on December 13, dropping to 15.7352.
This high-to-low spread represents a total annual volatility of 0.4375 MMK. From a start-to-finish perspective, comparing the January average rate of 16.0415 to the December average rate of 15.7687, the exchange rate registered a net change of -1.70% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 16.1727 was down 2.55% compared to the 2022 peak of 16.5953, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NPR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NPR to MMK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 15.9663, compared to 15.8209 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1454 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 0.3455 MMK (High: 16.1727 / Low: 15.8272). On the other end, October was the most stable month, with a tight range of 0.0434 MMK (High: 15.8046 / Low: 15.7613).
Growth Streaks & Declines
TrendsBetween February and April, 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 January and February, when the average rate fell by 0.1483 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 16.0415) against the same month in 2022 (average: 14.9304), the exchange rate shifted by +1.1111 (+7.44%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.1727 | 15.8272 | 16.0415 |
| February | 16.0397 | 15.8413 | 15.8932 |
| March | 16.0903 | 15.8588 | 15.9421 |
| April | 16.0539 | 15.9373 | 16.0104 |
| May | 16.0694 | 15.8464 | 15.9439 |
| June | 16.0312 | 15.8748 | 15.9668 |
| July | 16.0446 | 15.8005 | 15.9678 |
| August | 15.9753 | 15.7413 | 15.8496 |
| September | 15.8740 | 15.7680 | 15.8085 |
| October | 15.8046 | 15.7613 | 15.7734 |
| November | 15.7953 | 15.7380 | 15.7573 |
| December | 15.8129 | 15.7352 | 15.7687 |