2023 PHP to MUR Historical Review

YEARLY HIGH

0.8635 MUR

YEARLY LOW

0.7763 MUR

YEARLY AVERAGE

0.8112 MUR

2023 PHP to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 16, valuing the pair at 0.8635. Conversely, the yearly low was recorded on October 9, dropping to 0.7763.

This high-to-low spread represents a total annual volatility of 0.0872 MUR. From a start-to-finish perspective, comparing the January average rate of 0.8034 to the December average rate of 0.7951, the exchange rate registered a net change of -1.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8635 was down 1.64% compared to the 2022 peak of 0.8779, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 215,868 MUR

2022 Average 203,291 MUR

Yearly Trough Low 194,068 MUR

Transaction Impact: A difference of 21,800.79 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8556

0.7739

JanuMarcMayJulySeptNove

PHP 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 0.8225, compared to 0.7999 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0226 points.

H1 Avg (Jan–Jun) 0.8225

H2 Avg (Jul–Dec) 0.7999

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0481 MUR (High: 0.8288 / Low: 0.7807). On the other end, October was the most stable month, with a tight range of 0.0081 MUR (High: 0.7843 / Low: 0.7763).

January Spread (Volatile) ±0.0481

October Spread (Stable) ±0.0081

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 0.0317 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0317

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.8488) against the same month in 2022 (average: 0.8505), the exchange rate shifted by -0.0017 (-0.19%).

2023 Avg (March) 0.8488

2022 Avg (March) 0.8505

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8288	0.7807	0.8034
February	0.8460	0.8169	0.8335
March	0.8635	0.8336	0.8488
April	0.8383	0.8001	0.8171
May	0.8212	0.8081	0.8145
June	0.8330	0.8084	0.8178
July	0.8458	0.8150	0.8300
August	0.8233	0.7965	0.8080
September	0.8207	0.7805	0.7921
October	0.7843	0.7763	0.7807
November	0.8059	0.7808	0.7937
December	0.8034	0.7883	0.7951