2023 BAM to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BAM to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BAM to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 2609.6769. Conversely, the yearly low was recorded on February 27, dropping to 2319.1299.
This high-to-low spread represents a total annual volatility of 290.5471 MGA. From a start-to-finish perspective, comparing the January average rate of 2419.7729 to the December average rate of 2557.5963, the exchange rate registered a net change of 5.70% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 2609.6769 was up 6.87% compared to the 2022 peak of 2441.8241, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BAM based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BAM 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 2419.5968, compared to 2503.6278 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 84.0310 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 139.6678 MGA (High: 2547.3527 / Low: 2407.6849). On the other end, October was the most stable month, with a tight range of 42.0447 MGA (High: 2467.6306 / Low: 2425.5859).
Growth Streaks & Declines
TrendsBetween February and April, 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 January and February, when the average rate fell by 65.3881 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 2557.5963) against the same month in 2022 (average: 2392.6465), the exchange rate shifted by +164.9498 (+6.89%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2496.7374 | 2364.0945 | 2419.7729 |
| February | 2411.0391 | 2319.1299 | 2354.3847 |
| March | 2428.3862 | 2324.9079 | 2359.1217 |
| April | 2493.9795 | 2408.6554 | 2456.4567 |
| May | 2493.2641 | 2412.2548 | 2447.7444 |
| June | 2547.3527 | 2407.6849 | 2480.1006 |
| July | 2591.2845 | 2507.5042 | 2544.5888 |
| August | 2541.7573 | 2485.0978 | 2511.9480 |
| September | 2503.3114 | 2445.6017 | 2465.9802 |
| October | 2467.6306 | 2425.5859 | 2446.7798 |
| November | 2549.9325 | 2441.9288 | 2494.8737 |
| December | 2609.6769 | 2506.5560 | 2557.5963 |