2023 XDR to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 XDR to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the XDR to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 2850.3927. Conversely, the yearly low was recorded on October 16, dropping to 2750.6441.
This high-to-low spread represents a total annual volatility of 99.7486 MMK. From a start-to-finish perspective, comparing the January average rate of 2821.3426 to the December average rate of 2803.5542, the exchange rate registered a net change of -0.63% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 2850.3927 was down 3.99% compared to the 2022 peak of 2968.9896, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 XDR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
XDR to MMK 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 2814.7749, compared to 2788.4559 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 26.3190 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 64.9960 MMK (High: 2850.3927 / Low: 2785.3967). On the other end, October was the most stable month, with a tight range of 10.9435 MMK (High: 2761.5876 / Low: 2750.6441).
Growth Streaks & Declines
TrendsBetween October and December, 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 August and September, when the average rate fell by 27.7737 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 2812.9939) against the same month in 2022 (average: 2494.1909), the exchange rate shifted by +318.8030 (+12.78%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2840.4329 | 2785.1562 | 2821.3426 |
| February | 2850.3927 | 2785.3967 | 2812.9939 |
| March | 2821.2814 | 2786.5726 | 2797.9843 |
| April | 2844.5234 | 2817.2364 | 2831.5240 |
| May | 2839.6788 | 2796.1893 | 2822.4473 |
| June | 2815.9775 | 2793.4494 | 2802.3573 |
| July | 2844.5766 | 2791.6899 | 2818.6759 |
| August | 2841.9586 | 2786.0936 | 2803.4831 |
| September | 2793.1645 | 2753.5501 | 2775.7094 |
| October | 2761.5876 | 2750.6441 | 2755.8607 |
| November | 2795.8179 | 2751.5031 | 2773.4521 |
| December | 2818.4854 | 2788.1132 | 2803.5542 |