2023 NPR to MVR Historical Review

YEARLY HIGH

0.1189 MVR

YEARLY LOW

0.1143 MVR

YEARLY AVERAGE

0.1164 MVR

2023 NPR to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 0.1189. Conversely, the yearly low was recorded on November 13, dropping to 0.1143.

This high-to-low spread represents a total annual volatility of 0.0046 MVR. From a start-to-finish perspective, comparing the January average rate of 0.1175 to the December average rate of 0.1153, the exchange rate registered a net change of -1.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1189 was down 9.05% compared to the 2022 peak of 0.1307, 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 595 MVR

2022 Average 614 MVR

Yearly Trough Low 571 MVR

Transaction Impact: A difference of 23.10 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1177

0.1151

JanuMarcMayJulySeptNove

NPR to MVR 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 0.1168, compared to 0.1159 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.1168

H2 Avg (Jul–Dec) 0.1159

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0026 MVR (High: 0.1169 / Low: 0.1143). On the other end, October was the most stable month, with a tight range of 0.0009 MVR (High: 0.1162 / Low: 0.1153).

November Spread (Volatile) ±0.0026

October Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between 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 0.0013 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.1172) against the same month in 2022 (average: 0.1267), the exchange rate shifted by -0.0095 (-7.49%).

2023 Avg (April) 0.1172

2022 Avg (April) 0.1267

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1187	0.1161	0.1175
February	0.1173	0.1157	0.1162
March	0.1182	0.1160	0.1169
April	0.1189	0.1165	0.1172
May	0.1175	0.1155	0.1166
June	0.1175	0.1157	0.1167
July	0.1176	0.1162	0.1171
August	0.1167	0.1154	0.1160
September	0.1167	0.1154	0.1161
October	0.1162	0.1153	0.1157
November	0.1169	0.1143	0.1154
December	0.1159	0.1149	0.1153