2023 ZAR to MUR Historical Review

YEARLY HIGH

2.6604 MUR

YEARLY LOW

2.2661 MUR

YEARLY AVERAGE

2.4473 MUR

2023 ZAR to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 2.6604. Conversely, the yearly low was recorded on October 5, dropping to 2.2661.

This high-to-low spread represents a total annual volatility of 0.3943 MUR. From a start-to-finish perspective, comparing the January average rate of 2.5842 to the December average rate of 2.3742, the exchange rate registered a net change of -8.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.6604 was down 14.30% compared to the 2022 peak of 3.1042, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 133,022 MUR

2022 Average 135,623 MUR

Yearly Trough Low 113,307 MUR

Transaction Impact: A difference of 19,714.41 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.6096

2.3037

JanuMarcMayJulySeptNove

ZAR 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 2.4967, compared to 2.3979 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0989 points.

H1 Avg (Jan–Jun) 2.4967

H2 Avg (Jul–Dec) 2.3979

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.2375 MUR (High: 2.6138 / Low: 2.3763). On the other end, February was the most stable month, with a tight range of 0.1043 MUR (High: 2.6044 / Low: 2.5001).

July Spread (Volatile) ±0.2375

February Spread (Stable) ±0.1043

Growth Streaks & Declines

Trends

Between 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 April and May, when the average rate fell by 0.1057 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1057

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.5842) against the same month in 2022 (average: 2.8175), the exchange rate shifted by -0.2333 (-8.28%).

2023 Avg (January) 2.5842

2022 Avg (January) 2.8175

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6604	2.5396	2.5842
February	2.6044	2.5001	2.5513
March	2.5985	2.4489	2.5429
April	2.5557	2.4484	2.4854
May	2.4871	2.2999	2.3796
June	2.5048	2.3290	2.4369
July	2.6138	2.3763	2.5037
August	2.4732	2.3671	2.4223
September	2.4366	2.3170	2.3719
October	2.3723	2.2661	2.3292
November	2.4602	2.3378	2.3860
December	2.4280	2.3111	2.3742