2023 BBD to MGA Historical Review

YEARLY HIGH

2308.3558 MGA

YEARLY LOW

2119.1134 MGA

YEARLY AVERAGE

2224.9232 MGA

2023 BBD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BBD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 2308.3558. Conversely, the yearly low was recorded on March 18, dropping to 2119.1134.

This high-to-low spread represents a total annual volatility of 189.2424 MGA. From a start-to-finish perspective, comparing the January average rate of 2199.3444 to the December average rate of 2291.2161, 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 2308.3558 was up 3.05% compared to the 2022 peak of 2240.0000, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,541,779 MGA

2022 Average 10,324,124 MGA

Yearly Trough Low 10,595,567 MGA

Transaction Impact: A difference of 946,212.21 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2305.4311

2134.8517

JanuMarcMayJulySeptNove

BBD 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 2188.4723, compared to 2261.3740 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 72.9017 points.

H1 Avg (Jan–Jun) 2188.4723

H2 Avg (Jul–Dec) 2261.3740

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 143.1157 MGA (High: 2272.7962 / Low: 2129.6806). On the other end, May was the most stable month, with a tight range of 17.9380 MGA (High: 2206.5000 / Low: 2188.5620).

January Spread (Volatile) ±143.1157

May Spread (Stable) ±17.9380

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 50.2777 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -50.2777

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2291.2161) against the same month in 2022 (average: 2210.5180), the exchange rate shifted by +80.6981 (+3.65%).

2023 Avg (December) 2291.2161

2022 Avg (December) 2210.5180

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2272.7962	2129.6806	2199.3444
February	2160.1641	2135.2547	2149.0667
March	2180.9228	2119.1134	2155.0314
April	2208.0747	2164.5000	2188.8465
May	2206.5000	2188.5620	2200.7323
June	2271.3576	2197.7637	2237.8129
July	2277.2709	2211.0918	2250.2555
August	2266.4743	2224.1810	2250.8220
September	2278.8349	2237.5000	2254.8386
October	2275.2679	2255.1932	2263.9676
November	2270.8886	2242.4304	2257.1442
December	2308.3558	2250.0000	2291.2161