2023 TOP to MUR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TOP to MUR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TOP to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 20.0165. Conversely, the yearly low was recorded on November 1, dropping to 18.3968.
This high-to-low spread represents a total annual volatility of 1.6197 MUR. From a start-to-finish perspective, comparing the January average rate of 18.9440 to the December average rate of 18.7864, the exchange rate registered a net change of -0.83% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 20.0165 was down 0.75% compared to the 2022 peak of 20.1674, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
TOP to MUR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 19.3330, compared to 18.8631 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4698 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 0.9653 MUR (High: 19.5282 / Low: 18.5628). On the other end, October was the most stable month, with a tight range of 0.2142 MUR (High: 18.6234 / Low: 18.4092).
Growth Streaks & Declines
TrendsBetween April and July, 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 0.5138 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 19.6964) against the same month in 2022 (average: 19.5852), the exchange rate shifted by +0.1113 (+0.57%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 19.5282 | 18.5628 | 18.9440 |
| February | 19.9163 | 19.0866 | 19.5629 |
| March | 20.0165 | 19.3351 | 19.6964 |
| April | 19.3779 | 18.9410 | 19.1827 |
| May | 19.4098 | 19.0097 | 19.2567 |
| June | 19.5845 | 19.1056 | 19.3551 |
| July | 19.6522 | 19.2057 | 19.4075 |
| August | 19.3672 | 18.9630 | 19.1280 |
| September | 19.5555 | 18.5981 | 18.8137 |
| October | 18.6234 | 18.4092 | 18.4899 |
| November | 18.9043 | 18.3968 | 18.5534 |
| December | 19.1399 | 18.6457 | 18.7864 |