2023 AFN to MGA Historical Review

YEARLY HIGH

66.2239 MGA

YEARLY LOW

47.1879 MGA

YEARLY AVERAGE

54.2497 MGA

2023 AFN to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 66.2239. Conversely, the yearly low was recorded on February 3, dropping to 47.1879.

This high-to-low spread represents a total annual volatility of 19.0360 MGA. From a start-to-finish perspective, comparing the January average rate of 49.5071 to the December average rate of 65.5119, the exchange rate registered a net change of 32.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 66.2239 was up 29.15% compared to the 2022 peak of 51.2785, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 331,120 MGA

2022 Average 230,155 MGA

Yearly Trough Low 235,940 MGA

Transaction Impact: A difference of 95,179.97 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

67.2685

46.1886

JanuMarcMayJulySeptNove

AFN 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 49.8543, compared to 58.6450 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.7906 points.

H1 Avg (Jan–Jun) 49.8543

H2 Avg (Jul–Dec) 58.6450

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 6.1018 MGA (High: 61.5150 / Low: 55.4132). On the other end, May was the most stable month, with a tight range of 1.5716 MGA (High: 51.0540 / Low: 49.4824).

September Spread (Volatile) ±6.1018

May Spread (Stable) ±1.5716

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.5618 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -1.5618

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 65.5119) against the same month in 2022 (average: 50.5524), the exchange rate shifted by +14.9595 (+29.59%).

2023 Avg (December) 65.5119

2022 Avg (December) 50.5524

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	51.3465	47.6549	49.5071
February	48.9222	47.1879	47.9453
March	50.4875	48.2640	49.2027
April	51.4592	48.0430	50.5359
May	51.0540	49.4824	50.3128
June	53.1568	50.4099	51.6224
July	53.1076	50.7568	51.9590
August	55.6461	51.8634	53.3323
September	61.5150	55.4132	57.8881
October	61.7404	57.8729	59.9589
November	65.6952	60.3606	63.2198
December	66.2239	63.8298	65.5119