2023 CAD to MGA Historical Review

YEARLY HIGH

3482.7081 MGA

YEARLY LOW

3077.5346 MGA

YEARLY AVERAGE

3296.6178 MGA

2023 CAD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CAD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 3482.7081. Conversely, the yearly low was recorded on March 18, dropping to 3077.5346.

This high-to-low spread represents a total annual volatility of 405.1735 MGA. From a start-to-finish perspective, comparing the January average rate of 3277.5108 to the December average rate of 3417.3645, the exchange rate registered a net change of 4.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 3482.7081 was up 5.49% compared to the 2022 peak of 3301.5364, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 17,413,540 MGA

2022 Average 15,860,640 MGA

Yearly Trough Low 15,387,673 MGA

Transaction Impact: A difference of 2,025,867.56 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3444.4940

3118.9392

JanuMarcMayJulySeptNove

CAD 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 3246.3937, compared to 3346.8419 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 100.4481 points.

H1 Avg (Jan–Jun) 3246.3937

H2 Avg (Jul–Dec) 3346.8419

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 201.4087 MGA (High: 3384.4666 / Low: 3183.0579). On the other end, April was the most stable month, with a tight range of 82.3123 MGA (High: 3282.2236 / Low: 3199.9113).

January Spread (Volatile) ±201.4087

April Spread (Stable) ±82.3123

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 83.5573 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -83.5573

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 3417.3645) against the same month in 2022 (average: 3249.4667), the exchange rate shifted by +167.8978 (+5.17%).

2023 Avg (December) 3417.3645

2022 Avg (December) 3249.4667

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3384.4666	3183.0579	3277.5108
February	3239.7852	3140.8337	3193.9535
March	3199.9113	3077.5346	3146.0688
April	3282.2236	3199.9113	3238.7583
May	3292.5159	3207.7906	3253.5118
June	3443.5542	3269.1754	3368.5593
July	3452.8066	3347.8414	3401.7253
August	3385.9882	3290.7101	3338.3875
September	3364.3866	3276.1082	3328.1733
October	3352.4282	3259.5741	3301.9685
November	3349.2162	3247.6635	3293.4321
December	3482.7081	3333.9507	3417.3645