2023 TRY to MUR Historical Review

YEARLY HIGH

2.4847 MUR

YEARLY LOW

1.4854 MUR

YEARLY AVERAGE

1.9594 MUR

2023 TRY to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 2.4847. Conversely, the yearly low was recorded on December 28, dropping to 1.4854.

This high-to-low spread represents a total annual volatility of 0.9993 MUR. From a start-to-finish perspective, comparing the January average rate of 2.3496 to the December average rate of 1.5171, the exchange rate registered a net change of -35.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.4847 was down 25.54% compared to the 2022 peak of 3.3372, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 124,235 MUR

2022 Average 135,253 MUR

Yearly Trough Low 74,270 MUR

Transaction Impact: A difference of 49,965.31 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.5379

1.4243

JanuMarcMayJulySeptNove

TRY 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 2.2976, compared to 1.6212 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6764 points.

H1 Avg (Jan–Jun) 2.2976

H2 Avg (Jul–Dec) 1.6212

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.4606 MUR (High: 2.2028 / Low: 1.7421). On the other end, November was the most stable month, with a tight range of 0.0424 MUR (High: 1.5658 / Low: 1.5234).

June Spread (Volatile) ±0.4606

November Spread (Stable) ±0.0424

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 May and June, when the average rate fell by 0.3646 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3646

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 2.4451) against the same month in 2022 (average: 3.0342), the exchange rate shifted by -0.5891 (-19.42%).

2023 Avg (March) 2.4451

2022 Avg (March) 3.0342

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4007	2.3162	2.3496
February	2.4725	2.3487	2.4257
March	2.4847	2.3699	2.4451
April	2.3699	2.3070	2.3338
May	2.3343	2.2016	2.2979
June	2.2028	1.7421	1.9333
July	1.7692	1.6789	1.7217
August	1.7665	1.6642	1.6903
September	1.7414	1.6222	1.6657
October	1.6190	1.5630	1.5895
November	1.5658	1.5234	1.5429
December	1.5396	1.4854	1.5171

2023 TRY నుండి MUR చారిత్రక సమీక్ష