2023 ZAR to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ZAR to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ZAR to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 125.4103. Conversely, the yearly low was recorded on May 25, dropping to 106.1210.
This high-to-low spread represents a total annual volatility of 19.2893 MMK. From a start-to-finish perspective, comparing the January average rate of 122.9841 to the December average rate of 113.0609, the exchange rate registered a net change of -8.07% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 125.4103 was down 3.47% compared to the 2022 peak of 129.9245, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
ZAR 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 115.4284, compared to 112.3753 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.0531 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 9.7993 MMK (High: 119.6544 / Low: 109.8551). On the other end, September was the most stable month, with a tight range of 2.7570 MMK (High: 111.9609 / Low: 109.2039).
Growth Streaks & Declines
TrendsBetween May and July, 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 January and February, when the average rate fell by 5.7637 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 122.9841) against the same month in 2022 (average: 114.7053), the exchange rate shifted by +8.2788 (+7.22%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 125.4103 | 120.6559 | 122.9841 |
| February | 123.1878 | 113.9206 | 117.2205 |
| March | 118.1044 | 110.2345 | 114.7891 |
| April | 118.0112 | 113.2627 | 115.4981 |
| May | 114.7548 | 106.1210 | 109.9656 |
| June | 115.4854 | 106.9595 | 112.1128 |
| July | 119.6544 | 109.8551 | 115.2305 |
| August | 114.9365 | 109.4780 | 111.8186 |
| September | 111.9609 | 109.2039 | 110.7025 |
| October | 112.5744 | 107.3201 | 110.2708 |
| November | 115.5325 | 111.1349 | 113.1682 |
| December | 115.1522 | 110.1500 | 113.0609 |