2023 SBD to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SBD to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SBD to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 258.5655. Conversely, the yearly low was recorded on November 26, dropping to 246.4471.
This high-to-low spread represents a total annual volatility of 12.1184 MMK. From a start-to-finish perspective, comparing the January average rate of 254.1043 to the December average rate of 248.5599, the exchange rate registered a net change of -2.18% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 258.5655 was down 0.14% compared to the 2022 peak of 258.9298, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SBD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SBD 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 253.4939, compared to 249.6068 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.8871 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was April, with a trading range of 6.2783 MMK (High: 254.9070 / Low: 248.6287). On the other end, June was the most stable month, with a tight range of 1.8772 MMK (High: 252.7235 / Low: 250.8464).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 1.8171 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 255.0869) against the same month in 2022 (average: 219.7981), the exchange rate shifted by +35.2888 (+16.06%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 255.7740 | 252.1820 | 254.1043 |
| February | 258.5655 | 252.6277 | 255.0869 |
| March | 256.3132 | 252.5062 | 254.8070 |
| April | 254.9070 | 248.6287 | 252.9899 |
| May | 253.0273 | 251.0927 | 252.0884 |
| June | 252.7235 | 250.8464 | 251.8871 |
| July | 252.0929 | 247.3178 | 250.7331 |
| August | 251.8752 | 249.3218 | 250.9302 |
| September | 251.2979 | 248.3577 | 249.9562 |
| October | 251.0239 | 246.6776 | 248.8397 |
| November | 250.2408 | 246.4471 | 248.6217 |
| December | 250.4598 | 247.3837 | 248.5599 |