2023 QAR to MUR Historical Review

YEARLY HIGH

12.9480 MUR

YEARLY LOW

11.9563 MUR

YEARLY AVERAGE

12.3800 MUR

2023 QAR to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 12.9480. Conversely, the yearly low was recorded on January 16, dropping to 11.9563.

This high-to-low spread represents a total annual volatility of 0.9917 MUR. From a start-to-finish perspective, comparing the January average rate of 12.1098 to the December average rate of 12.1123, the exchange rate registered a net change of 0.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.9480 was up 1.60% compared to the 2022 peak of 12.7438, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 64,740 MUR

2022 Average 60,711 MUR

Yearly Trough Low 59,781 MUR

Transaction Impact: A difference of 4,958.43 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.8021

12.0469

JanuMarcMayJulySeptNove

QAR 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 12.4627, compared to 12.2974 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1653 points.

H1 Avg (Jan–Jun) 12.4627

H2 Avg (Jul–Dec) 12.2974

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.6513 MUR (High: 12.7756 / Low: 12.1243). On the other end, October was the most stable month, with a tight range of 0.1214 MUR (High: 12.2362 / Low: 12.1148).

February Spread (Volatile) ±0.6513

October Spread (Stable) ±0.1214

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 0.3557 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3557

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 12.7391) against the same month in 2022 (average: 12.1769), the exchange rate shifted by +0.5622 (+4.62%).

2023 Avg (March) 12.7391

2022 Avg (March) 12.1769

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.4004	11.9563	12.1098
February	12.7756	12.1243	12.5375
March	12.9480	12.4828	12.7391
April	12.4895	12.2830	12.3834
May	12.5558	12.3444	12.4757
June	12.6641	12.4232	12.5306
July	12.7171	12.4137	12.5181
August	12.6478	12.3513	12.4836
September	12.7790	12.2140	12.3521
October	12.2362	12.1148	12.1674
November	12.3455	12.1029	12.1510
December	12.2648	12.0204	12.1123