2023 BZD to MGA Historical Review

YEARLY HIGH

2286.0237 MGA

YEARLY LOW

2112.1579 MGA

YEARLY AVERAGE

2208.7474 MGA

2023 BZD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BZD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 2286.0237. Conversely, the yearly low was recorded on January 26, dropping to 2112.1579.

This high-to-low spread represents a total annual volatility of 173.8657 MGA. From a start-to-finish perspective, comparing the January average rate of 2182.2023 to the December average rate of 2271.0113, the exchange rate registered a net change of 4.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2286.0237 was up 2.86% compared to the 2022 peak of 2222.3986, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,430,118 MGA

2022 Average 10,244,539 MGA

Yearly Trough Low 10,560,790 MGA

Transaction Impact: A difference of 869,328.73 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2284.9034

2118.1979

JanuMarcMayJulySeptNove

BZD 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 2172.8839, compared to 2244.6109 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 71.7270 points.

H1 Avg (Jan–Jun) 2172.8839

H2 Avg (Jul–Dec) 2244.6109

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 141.6936 MGA (High: 2253.8515 / Low: 2112.1579). On the other end, October was the most stable month, with a tight range of 18.4841 MGA (High: 2256.0962 / Low: 2237.6122).

January Spread (Volatile) ±141.6936

October Spread (Stable) ±18.4841

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 50.1123 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -50.1123

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2271.0113) against the same month in 2022 (average: 2192.7339), the exchange rate shifted by +78.2774 (+3.57%).

2023 Avg (December) 2271.0113

2022 Avg (December) 2192.7339

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2253.8515	2112.1579	2182.2023
February	2143.1188	2116.2118	2132.0900
March	2178.0619	2129.9583	2143.5858
April	2191.0350	2149.2265	2174.0073
May	2190.2799	2171.6094	2184.6583
June	2253.6982	2181.4833	2220.7595
July	2272.2981	2195.1593	2235.4007
August	2247.4273	2206.5583	2233.2976
September	2256.2442	2219.4811	2237.7777
October	2256.0962	2237.6122	2247.9485
November	2252.4386	2225.0892	2242.2297
December	2286.0237	2231.7775	2271.0113