2023 SDG to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SDG to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SDG to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 20, valuing the pair at 3.8449. Conversely, the yearly low was recorded on April 30, dropping to 3.4568.
This high-to-low spread represents a total annual volatility of 0.3881 MMK. From a start-to-finish perspective, comparing the January average rate of 3.6407 to the December average rate of 3.4978, the exchange rate registered a net change of -3.93% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 3.8449 was down 8.17% compared to the 2022 peak of 4.1869, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SDG based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SDG 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 3.5472, compared to 3.4948 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0525 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 0.3706 MMK (High: 3.8449 / Low: 3.4743). On the other end, September was the most stable month, with a tight range of 0.0198 MMK (High: 3.4987 / Low: 3.4789).
Growth Streaks & Declines
TrendsBetween September and November, 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 0.0541 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 3.5050) against the same month in 2022 (average: 3.6858), the exchange rate shifted by -0.1807 (-4.90%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.6914 | 3.5961 | 3.6407 |
| February | 3.6262 | 3.5619 | 3.5866 |
| March | 3.6949 | 3.4888 | 3.5568 |
| April | 3.6675 | 3.4568 | 3.5091 |
| May | 3.5087 | 3.4847 | 3.4978 |
| June | 3.5074 | 3.4697 | 3.4923 |
| July | 3.5029 | 3.4640 | 3.4896 |
| August | 3.5044 | 3.4689 | 3.4921 |
| September | 3.4987 | 3.4789 | 3.4919 |
| October | 3.5020 | 3.4757 | 3.4922 |
| November | 3.8449 | 3.4743 | 3.5050 |
| December | 3.5131 | 3.4912 | 3.4978 |