2023 NPR to MUR Historical Review

YEARLY HIGH

0.3605 MUR

YEARLY LOW

0.3282 MUR

YEARLY AVERAGE

0.3415 MUR

2023 NPR to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 10, valuing the pair at 0.3605. Conversely, the yearly low was recorded on December 28, dropping to 0.3282.

This high-to-low spread represents a total annual volatility of 0.0323 MUR. From a start-to-finish perspective, comparing the January average rate of 0.3371 to the December average rate of 0.3311, the exchange rate registered a net change of -1.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3605 was down 3.81% compared to the 2022 peak of 0.3748, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NPR based on timing:

Yearly Peak High 1,802 MUR

2022 Average 1,761 MUR

Yearly Trough Low 1,641 MUR

Transaction Impact: A difference of 161.61 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3554

0.3289

JanuMarcMayJulySeptNove

NPR 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 0.3455, compared to 0.3376 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0079 points.

H1 Avg (Jan–Jun) 0.3455

H2 Avg (Jul–Dec) 0.3376

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0183 MUR (High: 0.3521 / Low: 0.3338). On the other end, October was the most stable month, with a tight range of 0.0029 MUR (High: 0.3346 / Low: 0.3317).

September Spread (Volatile) ±0.0183

October Spread (Stable) ±0.0029

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 March and April, when the average rate fell by 0.0087 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0087

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.3532) against the same month in 2022 (average: 0.3637), the exchange rate shifted by -0.0105 (-2.89%).

2023 Avg (March) 0.3532

2022 Avg (March) 0.3637

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3461	0.3298	0.3371
February	0.3518	0.3370	0.3460
March	0.3605	0.3463	0.3532
April	0.3483	0.3418	0.3445
May	0.3477	0.3433	0.3450
June	0.3525	0.3434	0.3471
July	0.3515	0.3428	0.3469
August	0.3483	0.3397	0.3434
September	0.3521	0.3338	0.3387
October	0.3346	0.3317	0.3332
November	0.3374	0.3305	0.3322
December	0.3357	0.3282	0.3311