2023 ZAR to MVR Historical Review

YEARLY HIGH

0.9203 MVR

YEARLY LOW

0.7756 MVR

YEARLY AVERAGE

0.8341 MVR

2023 ZAR to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 0.9203. Conversely, the yearly low was recorded on May 31, dropping to 0.7756.

This high-to-low spread represents a total annual volatility of 0.1446 MVR. From a start-to-finish perspective, comparing the January average rate of 0.9010 to the December average rate of 0.8268, the exchange rate registered a net change of -8.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9203 was down 13.66% compared to the 2022 peak of 1.0658, 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 46,013 MVR

2022 Average 47,301 MVR

Yearly Trough Low 38,782 MVR

Transaction Impact: A difference of 7,230.88 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9107

0.7942

JanuMarcMayJulySeptNove

ZAR to MVR 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 0.8447, compared to 0.8234 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0213 points.

H1 Avg (Jan–Jun) 0.8447

H2 Avg (Jul–Dec) 0.8234

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0694 MVR (High: 0.8744 / Low: 0.8050). On the other end, September was the most stable month, with a tight range of 0.0184 MVR (High: 0.8226 / Low: 0.8043).

July Spread (Volatile) ±0.0694

September Spread (Stable) ±0.0184

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 January and February, when the average rate fell by 0.0440 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0440

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.9010) against the same month in 2022 (average: 0.9969), the exchange rate shifted by -0.0959 (-9.62%).

2023 Avg (January) 0.9010

2022 Avg (January) 0.9969

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9203	0.8826	0.9010
February	0.9011	0.8332	0.8569
March	0.8660	0.8199	0.8416
April	0.8660	0.8294	0.8455
May	0.8396	0.7756	0.8039
June	0.8445	0.7796	0.8193
July	0.8744	0.8050	0.8447
August	0.8403	0.8022	0.8185
September	0.8226	0.8043	0.8129
October	0.8247	0.7892	0.8086
November	0.8452	0.8140	0.8290
December	0.8418	0.8055	0.8268