2023 AZN to MGA Historical Review

YEARLY HIGH

2715.7127 MGA

YEARLY LOW

2493.0746 MGA

YEARLY AVERAGE

2617.4189 MGA

2023 AZN to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AZN to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 2715.7127. Conversely, the yearly low was recorded on March 18, dropping to 2493.0746.

This high-to-low spread represents a total annual volatility of 222.6382 MGA. From a start-to-finish perspective, comparing the January average rate of 2587.4354 to the December average rate of 2695.5484, the exchange rate registered a net change of 4.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2715.7127 was up 3.05% compared to the 2022 peak of 2635.2941, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,578,564 MGA

2022 Average 12,146,103 MGA

Yearly Trough Low 12,465,373 MGA

Transaction Impact: A difference of 1,113,190.84 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2712.2718

2511.5903

JanuMarcMayJulySeptNove

AZN 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 2574.5352, compared to 2660.3027 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 85.7675 points.

H1 Avg (Jan–Jun) 2574.5352

H2 Avg (Jul–Dec) 2660.3027

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 168.3714 MGA (High: 2673.8779 / Low: 2505.5066). On the other end, May was the most stable month, with a tight range of 21.1035 MGA (High: 2595.8824 / Low: 2574.7788).

January Spread (Volatile) ±168.3714

May Spread (Stable) ±21.1035

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 59.1216 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -59.1216

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2695.5484) against the same month in 2022 (average: 2600.6094), the exchange rate shifted by +94.9390 (+3.65%).

2023 Avg (December) 2695.5484

2022 Avg (December) 2600.6094

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2673.8779	2505.5066	2587.4354
February	2541.3695	2512.0644	2528.3137
March	2565.7915	2493.0746	2534.8122
April	2597.7349	2546.4706	2575.1131
May	2595.8824	2574.7788	2589.0968
June	2672.1855	2585.6043	2632.4398
July	2679.1422	2601.2844	2647.0861
August	2666.4403	2616.6835	2648.0259
September	2680.9822	2632.3529	2652.7513
October	2676.7858	2653.1684	2663.4913
November	2671.6336	2638.1534	2654.9130
December	2715.7127	2647.0588	2695.5484