2023 BIF to MGA Historical Review

YEARLY HIGH

2.1962 MGA

YEARLY LOW

1.5582 MGA

YEARLY AVERAGE

1.7837 MGA

2023 BIF to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 2.1962. Conversely, the yearly low was recorded on June 1, dropping to 1.5582.

This high-to-low spread represents a total annual volatility of 0.6380 MGA. From a start-to-finish perspective, comparing the January average rate of 2.1261 to the December average rate of 1.6074, the exchange rate registered a net change of -24.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1962 was up 1.09% compared to the 2022 peak of 2.1726, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,981 MGA

2022 Average 10,109 MGA

Yearly Trough Low 7,791 MGA

Transaction Impact: A difference of 3,190.21 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1805

1.5275

JanuMarcMayJulySeptNove

BIF 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 1.9739, compared to 1.5936 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3802 points.

H1 Avg (Jan–Jun) 1.9739

H2 Avg (Jul–Dec) 1.5936

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.5565 MGA (High: 2.1162 / Low: 1.5596). On the other end, October was the most stable month, with a tight range of 0.0164 MGA (High: 1.6017 / Low: 1.5853).

May Spread (Volatile) ±0.5565

October Spread (Stable) ±0.0164

Growth Streaks & Declines

Trends

Between 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 May and June, when the average rate fell by 0.2988 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2988

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.1261) against the same month in 2022 (average: 1.9877), the exchange rate shifted by +0.1384 (+6.96%).

2023 Avg (January) 2.1261

2022 Avg (January) 1.9877

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1962	2.0575	2.1261
February	2.0873	2.0601	2.0732
March	2.0994	2.0669	2.0759
April	2.1222	2.0763	2.1053
May	2.1162	1.5596	1.8807
June	1.6039	1.5582	1.5819
July	1.6120	1.5604	1.5906
August	1.5998	1.5697	1.5884
September	1.6042	1.5751	1.5902
October	1.6017	1.5853	1.5953
November	1.6028	1.5772	1.5898
December	1.6185	1.5817	1.6074