2023 BND to MGA Historical Review

YEARLY HIGH

3492.5452 MGA

YEARLY LOW

3175.5716 MGA

YEARLY AVERAGE

3314.6281 MGA

2023 BND to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 3492.5452. Conversely, the yearly low was recorded on March 11, dropping to 3175.5716.

This high-to-low spread represents a total annual volatility of 316.9736 MGA. From a start-to-finish perspective, comparing the January average rate of 3314.5854 to the December average rate of 3439.6093, the exchange rate registered a net change of 3.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 3492.5452 was up 4.89% compared to the 2022 peak of 3329.7088, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 17,462,726 MGA

2022 Average 14,977,936 MGA

Yearly Trough Low 15,877,858 MGA

Transaction Impact: A difference of 1,584,867.88 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3461.8577

3194.8775

JanuMarcMayJulySeptNove

BND 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 3277.2491, compared to 3352.0071 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 74.7580 points.

H1 Avg (Jan–Jun) 3277.2491

H2 Avg (Jul–Dec) 3352.0071

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 181.3686 MGA (High: 3411.4161 / Low: 3230.0474). On the other end, October was the most stable month, with a tight range of 43.1979 MGA (High: 3333.6282 / Low: 3290.4302).

January Spread (Volatile) ±181.3686

October Spread (Stable) ±43.1979

Growth Streaks & Declines

Trends

Between May and July, 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 87.2715 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -87.2715

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 3439.6093) against the same month in 2022 (average: 3270.2598), the exchange rate shifted by +169.3496 (+5.18%).

2023 Avg (December) 3439.6093

2022 Avg (December) 3270.2598

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3411.4161	3230.0474	3314.5854
February	3280.4657	3178.3585	3227.3139
March	3291.6235	3175.5716	3217.1258
April	3309.1043	3256.4962	3291.0612
May	3331.5716	3254.7761	3287.5492
June	3383.1498	3253.6108	3325.8589
July	3420.4199	3326.0629	3372.4923
August	3374.1602	3286.6576	3333.2979
September	3343.1038	3280.5994	3310.2785
October	3333.6282	3290.4302	3308.2086
November	3408.1115	3301.5930	3348.1560
December	3492.5452	3364.6696	3439.6093