2023 BMD to MGA Historical Review

YEARLY HIGH

4616.7116 MGA

YEARLY LOW

4238.2267 MGA

YEARLY AVERAGE

4449.8463 MGA

2023 BMD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BMD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 4616.7116. Conversely, the yearly low was recorded on March 18, dropping to 4238.2267.

This high-to-low spread represents a total annual volatility of 378.4849 MGA. From a start-to-finish perspective, comparing the January average rate of 4398.6888 to the December average rate of 4582.4322, 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 4616.7116 was up 3.05% compared to the 2022 peak of 4480.0000, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 23,083,558 MGA

2022 Average 20,648,247 MGA

Yearly Trough Low 21,191,134 MGA

Transaction Impact: A difference of 1,892,424.42 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

4610.8621

4269.7035

JanuMarcMayJulySeptNove

BMD 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 4376.9447, compared to 4522.7480 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 145.8033 points.

H1 Avg (Jan–Jun) 4376.9447

H2 Avg (Jul–Dec) 4522.7480

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 286.2313 MGA (High: 4545.5925 / Low: 4259.3612). On the other end, May was the most stable month, with a tight range of 35.8760 MGA (High: 4413.0000 / Low: 4377.1240).

January Spread (Volatile) ±286.2313

May Spread (Stable) ±35.8760

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 100.5554 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -100.5554

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 4582.4322) against the same month in 2022 (average: 4421.0360), the exchange rate shifted by +161.3962 (+3.65%).

2023 Avg (December) 4582.4322

2022 Avg (December) 4421.0360

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4545.5925	4259.3612	4398.6888
February	4320.3281	4270.5094	4298.1334
March	4361.8455	4238.2267	4310.0627
April	4416.1494	4329.0000	4377.6929
May	4413.0000	4377.1240	4401.4646
June	4542.7153	4395.5273	4475.6258
July	4554.5417	4422.1835	4500.5110
August	4532.9486	4448.3620	4501.6440
September	4557.6697	4475.0000	4509.6772
October	4550.5358	4510.3864	4527.9352
November	4541.7771	4484.8608	4514.2885
December	4616.7116	4500.0000	4582.4322