2023 ARS to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ARS to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ARS to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 25.3013. Conversely, the yearly low was recorded on December 27, dropping to 5.6729.
This high-to-low spread represents a total annual volatility of 19.6284 MGA. From a start-to-finish perspective, comparing the January average rate of 24.1771 to the December average rate of 8.3784, the exchange rate registered a net change of -65.35% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 25.3013 was down 34.56% compared to the 2022 peak of 38.6610, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ARS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
ARS to MGA 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 20.8914, compared to 13.0160 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.8754 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 6.9351 MGA (High: 12.6080 / Low: 5.6729). On the other end, October was the most stable month, with a tight range of 0.1048 MGA (High: 12.9905 / Low: 12.8857).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 4.4028 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 24.1771) against the same month in 2022 (average: 38.3079), the exchange rate shifted by -14.1308 (-36.89%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.3013 | 22.8899 | 24.1771 |
| February | 22.9619 | 21.7403 | 22.4171 |
| March | 21.8464 | 20.7119 | 21.2857 |
| April | 20.7924 | 19.6591 | 20.3474 |
| May | 19.8457 | 18.4285 | 19.0823 |
| June | 18.3645 | 17.6607 | 18.0388 |
| July | 17.7581 | 16.3093 | 16.9487 |
| August | 16.2903 | 12.7808 | 14.1627 |
| September | 13.0212 | 12.7857 | 12.8888 |
| October | 12.9905 | 12.8857 | 12.9365 |
| November | 12.9380 | 12.5160 | 12.7811 |
| December | 12.6080 | 5.6729 | 8.3784 |