2023 SGD to MUR Historical Review

YEARLY HIGH

35.0602 MUR

YEARLY LOW

32.2526 MUR

YEARLY AVERAGE

33.5915 MUR

2023 SGD to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 23, valuing the pair at 35.0602. Conversely, the yearly low was recorded on October 20, dropping to 32.2526.

This high-to-low spread represents a total annual volatility of 2.8077 MUR. From a start-to-finish perspective, comparing the January average rate of 33.3162 to the December average rate of 33.1582, the exchange rate registered a net change of -0.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 35.0602 was up 4.74% compared to the 2022 peak of 33.4726, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 175,301 MUR

2022 Average 160,484 MUR

Yearly Trough Low 161,263 MUR

Transaction Impact: A difference of 14,038.28 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

34.8721

32.1540

JanuMarcMayJulySeptNove

SGD 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 33.9920, compared to 33.1910 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8010 points.

H1 Avg (Jan–Jun) 33.9920

H2 Avg (Jul–Dec) 33.1910

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 1.9837 MUR (High: 34.3900 / Low: 32.4063). On the other end, October was the most stable month, with a tight range of 0.3530 MUR (High: 32.6056 / Low: 32.2526).

September Spread (Volatile) ±1.9837

October Spread (Stable) ±0.3530

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 0.7541 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.7541

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 34.6456) against the same month in 2022 (average: 32.6331), the exchange rate shifted by +2.0125 (+6.17%).

2023 Avg (March) 34.6456

2022 Avg (March) 32.6331

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	34.4010	32.4742	33.3162
February	34.8055	33.8604	34.2975
March	35.0602	34.1524	34.6456
April	34.2905	33.5594	33.8914
May	34.2750	33.5839	33.9015
June	34.3465	33.5768	33.8997
July	34.8143	33.6181	34.1368
August	34.0216	33.3769	33.6720
September	34.3900	32.4063	32.9970
October	32.6056	32.2526	32.3805
November	33.3682	32.3863	32.8016
December	33.8334	32.8149	33.1582