2023 SRD to MVR Historical Review

YEARLY HIGH

0.4883 MVR

YEARLY LOW

0.3974 MVR

YEARLY AVERAGE

0.4217 MVR

2023 SRD to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SRD to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.4883. Conversely, the yearly low was recorded on July 31, dropping to 0.3974.

This high-to-low spread represents a total annual volatility of 0.0909 MVR. From a start-to-finish perspective, comparing the January average rate of 0.4836 to the December average rate of 0.4115, the exchange rate registered a net change of -14.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4883 was down 35.83% compared to the 2022 peak of 0.7610, 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 2,442 MVR

2022 Average 3,260 MVR

Yearly Trough Low 1,987 MVR

Transaction Impact: A difference of 454.34 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4918

0.3935

JanuMarcMayJulySeptNove

SRD to MVR 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 0.4387, compared to 0.4047 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0339 points.

H1 Avg (Jan–Jun) 0.4387

H2 Avg (Jul–Dec) 0.4047

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0310 MVR (High: 0.4579 / Low: 0.4269). On the other end, October was the most stable month, with a tight range of 0.0047 MVR (High: 0.4053 / Low: 0.4005).

March Spread (Volatile) ±0.0310

October Spread (Stable) ±0.0047

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0270 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0270

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.4836) against the same month in 2022 (average: 0.7303), the exchange rate shifted by -0.2467 (-33.78%).

2023 Avg (January) 0.4836

2022 Avg (January) 0.7303

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4883	0.4732	0.4836
February	0.4798	0.4532	0.4681
March	0.4579	0.4269	0.4447
April	0.4299	0.4103	0.4177
May	0.4139	0.4055	0.4109
June	0.4115	0.4008	0.4070
July	0.4159	0.3974	0.4047
August	0.4033	0.3983	0.4017
September	0.4049	0.3990	0.4025
October	0.4053	0.4005	0.4034
November	0.4073	0.4005	0.4045
December	0.4191	0.4052	0.4115