2023 BOB to MGA Historical Review

YEARLY HIGH

666.8441 MGA

YEARLY LOW

616.1256 MGA

YEARLY AVERAGE

644.1868 MGA

2023 BOB to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 666.8441. Conversely, the yearly low was recorded on January 26, dropping to 616.1256.

This high-to-low spread represents a total annual volatility of 50.7185 MGA. From a start-to-finish perspective, comparing the January average rate of 636.5650 to the December average rate of 662.4126, the exchange rate registered a net change of 4.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 666.8441 was up 2.86% compared to the 2022 peak of 648.3071, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,334,220 MGA

2022 Average 2,995,504 MGA

Yearly Trough Low 3,080,628 MGA

Transaction Impact: A difference of 253,592.27 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

666.4594

617.8973

JanuMarcMayJulySeptNove

BOB 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 633.6346, compared to 654.7390 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 21.1044 points.

H1 Avg (Jan–Jun) 633.6346

H2 Avg (Jul–Dec) 654.7390

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 41.3637 MGA (High: 657.4893 / Low: 616.1256). On the other end, October was the most stable month, with a tight range of 5.3968 MGA (High: 658.1157 / Low: 652.7189).

January Spread (Volatile) ±41.3637

October Spread (Stable) ±5.3968

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 14.6209 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -14.6209

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 662.4126) against the same month in 2022 (average: 639.5309), the exchange rate shifted by +22.8816 (+3.58%).

2023 Avg (December) 662.4126

2022 Avg (December) 639.5309

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	657.4893	616.1256	636.5650
February	625.1767	617.3136	621.9441
March	631.4730	621.3285	624.6044
April	639.1381	626.9125	633.6509
May	638.9368	633.4502	637.2324
June	657.4347	636.3506	647.8109
July	662.8571	640.4031	651.9312
August	655.5925	643.6402	651.4829
September	658.1608	647.4125	652.7856
October	658.1157	652.7189	655.7512
November	657.0608	649.0357	654.0705
December	666.8441	651.0329	662.4126