2023 AUD to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 AUD to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the AUD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 3151.2925. Conversely, the yearly low was recorded on March 10, dropping to 2815.0520.
This high-to-low spread represents a total annual volatility of 336.2405 MGA. From a start-to-finish perspective, comparing the January average rate of 3060.3722 to the December average rate of 3072.0343, the exchange rate registered a net change of 0.38% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 3151.2925 was up 3.36% compared to the 2022 peak of 3048.7713, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AUD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
AUD 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 2959.6596, compared to 2953.7021 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.9576 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 218.3533 MGA (High: 3109.3716 / Low: 2891.0183). On the other end, September was the most stable month, with a tight range of 74.0219 MGA (High: 2929.6660 / Low: 2855.6442).
Growth Streaks & Declines
TrendsBetween 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 July and August, when the average rate fell by 111.5310 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 3060.3722) against the same month in 2022 (average: 2854.5813), the exchange rate shifted by +205.7909 (+7.21%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3151.2925 | 2973.1615 | 3060.3722 |
| February | 3064.5457 | 2884.5288 | 2960.2041 |
| March | 2927.3490 | 2815.0520 | 2879.5842 |
| April | 2973.6927 | 2877.9551 | 2926.8431 |
| May | 2985.6693 | 2858.3630 | 2923.1285 |
| June | 3109.3716 | 2891.0183 | 3007.8257 |
| July | 3118.8507 | 2962.1286 | 3028.4258 |
| August | 2973.3241 | 2847.3949 | 2916.8948 |
| September | 2929.6660 | 2855.6442 | 2896.2523 |
| October | 2929.2887 | 2836.1484 | 2873.9809 |
| November | 3003.2219 | 2853.3279 | 2934.6243 |
| December | 3146.2878 | 2985.4668 | 3072.0343 |