2023 AED to MGA Historical Review

YEARLY HIGH

1257.0160 MGA

YEARLY LOW

1153.9184 MGA

YEARLY AVERAGE

1211.5655 MGA

2023 AED to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AED to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 1257.0160. Conversely, the yearly low was recorded on March 18, dropping to 1153.9184.

This high-to-low spread represents a total annual volatility of 103.0976 MGA. From a start-to-finish perspective, comparing the January average rate of 1197.5850 to the December average rate of 1247.7578, the exchange rate registered a net change of 4.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1257.0160 was up 3.05% compared to the 2022 peak of 1219.8276, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 AED based on timing:

Yearly Peak High 6,285,080 MGA

2022 Average 5,621,597 MGA

Yearly Trough Low 5,769,592 MGA

Transaction Impact: A difference of 515,487.97 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1255.5135

1162.4453

JanuMarcMayJulySeptNove

AED to MGA 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 1191.7497, compared to 1231.3813 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 39.6315 points.

H1 Avg (Jan–Jun) 1191.7497

H2 Avg (Jul–Dec) 1231.3813

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 77.9296 MGA (High: 1237.5667 / Low: 1159.6371). On the other end, May was the most stable month, with a tight range of 9.6305 MGA (High: 1201.6269 / Low: 1191.9964).

January Spread (Volatile) ±77.9296

May Spread (Stable) ±9.6305

Growth Streaks & Declines

Trends

Between February and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 27.3841 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -27.3841

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1247.7578) against the same month in 2022 (average: 1203.7196), the exchange rate shifted by +44.0382 (+3.66%).

2023 Avg (December) 1247.7578

2022 Avg (December) 1203.7196

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1237.5667	1159.6371	1197.5850
February	1176.2268	1162.6445	1170.2010
March	1187.7322	1153.9184	1173.5368
April	1202.5241	1178.6969	1192.0561
May	1201.6269	1191.9964	1198.5903
June	1236.7524	1196.7431	1218.5292
July	1240.0093	1203.9623	1225.2942
August	1234.1176	1211.0849	1225.5915
September	1240.8440	1218.3319	1227.7876
October	1238.9062	1227.9576	1232.7544
November	1236.6906	1221.0481	1229.1020
December	1257.0160	1225.4518	1247.7578