2023 SRD to MMK Historical Review

YEARLY HIGH

66.6064 MMK

YEARLY LOW

54.4064 MMK

YEARLY AVERAGE

57.5876 MMK

2023 SRD to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SRD to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 66.6064. Conversely, the yearly low was recorded on July 31, dropping to 54.4064.

This high-to-low spread represents a total annual volatility of 12.2001 MMK. From a start-to-finish perspective, comparing the January average rate of 66.0096 to the December average rate of 56.2674, the exchange rate registered a net change of -14.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 66.6064 was down 26.22% compared to the 2022 peak of 90.2753, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 333,032 MMK

2022 Average 403,693 MMK

Yearly Trough Low 272,032 MMK

Transaction Impact: A difference of 61,000.45 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

67.1286

53.7006

JanuMarcMayJulySeptNove

SRD to MMK 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 59.9421, compared to 55.2330 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.7092 points.

H1 Avg (Jan–Jun) 59.9421

H2 Avg (Jul–Dec) 55.2330

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 4.5291 MMK (High: 62.6622 / Low: 58.1331). On the other end, September was the most stable month, with a tight range of 0.6366 MMK (High: 55.0916 / Low: 54.4551).

March Spread (Volatile) ±4.5291

September Spread (Stable) ±0.6366

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 3.5936 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.5936

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 66.0096) against the same month in 2022 (average: 84.0290), the exchange rate shifted by -18.0194 (-21.44%).

2023 Avg (January) 66.0096

2022 Avg (January) 84.0290

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	66.6064	64.7702	66.0096
February	65.6527	61.9557	64.0368
March	62.6622	58.1331	60.6468
April	58.7625	55.5582	57.0532
May	56.6353	55.4870	56.2115
June	56.4767	54.7958	55.6949
July	56.7817	54.4064	55.2138
August	55.1443	54.4698	54.8687
September	55.0916	54.4551	54.8196
October	55.2755	54.6329	55.0079
November	55.5884	54.5962	55.2206
December	57.2592	55.5112	56.2674