2023 MXN to MVR Historical Review

YEARLY HIGH

0.9214 MVR

YEARLY LOW

0.7899 MVR

YEARLY AVERAGE

0.8678 MVR

2023 MXN to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 0.9214. Conversely, the yearly low was recorded on January 1, dropping to 0.7899.

This high-to-low spread represents a total annual volatility of 0.1315 MVR. From a start-to-finish perspective, comparing the January average rate of 0.8113 to the December average rate of 0.8956, the exchange rate registered a net change of 10.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9214 was up 15.28% compared to the 2022 peak of 0.7992, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 46,069 MVR

2022 Average 38,366 MVR

Yearly Trough Low 39,493 MVR

Transaction Impact: A difference of 6,576.02 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9186

0.8016

JanuMarcMayJulySeptNove

MXN 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 0.8463, compared to 0.8893 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0430 points.

H1 Avg (Jan–Jun) 0.8463

H2 Avg (Jul–Dec) 0.8893

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0445 MVR (High: 0.8553 / Low: 0.8108). On the other end, April was the most stable month, with a tight range of 0.0159 MVR (High: 0.8553 / Low: 0.8394).

March Spread (Volatile) ±0.0445

April Spread (Stable) ±0.0159

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0405 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0405

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.9088) against the same month in 2022 (average: 0.7514), the exchange rate shifted by +0.1575 (+20.96%).

2023 Avg (July) 0.9088

2022 Avg (July) 0.7514

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8254	0.7899	0.8113
February	0.8391	0.8009	0.8257
March	0.8553	0.8108	0.8355
April	0.8553	0.8394	0.8500
May	0.8797	0.8542	0.8656
June	0.8990	0.8716	0.8898
July	0.9214	0.8924	0.9088
August	0.9203	0.8854	0.9050
September	0.9026	0.8737	0.8914
October	0.8816	0.8395	0.8508
November	0.9028	0.8610	0.8844
December	0.9081	0.8787	0.8956

2023 MXN నుండి MVR చారిత్రక సమీక్ష