2023 CDF to MGA Historical Review

YEARLY HIGH

2.2238 MGA

YEARLY LOW

1.6379 MGA

YEARLY AVERAGE

1.9208 MGA

2023 CDF to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CDF to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 2.2238. Conversely, the yearly low was recorded on December 20, dropping to 1.6379.

This high-to-low spread represents a total annual volatility of 0.5859 MGA. From a start-to-finish perspective, comparing the January average rate of 2.1473 to the December average rate of 1.6833, the exchange rate registered a net change of -21.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.2238 was up 0.77% compared to the 2022 peak of 2.2069, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,119 MGA

2022 Average 10,222 MGA

Yearly Trough Low 8,190 MGA

Transaction Impact: A difference of 2,929.43 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1936

1.6370

JanuMarcMayJulySeptNove

CDF 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 2.0557, compared to 1.7858 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2699 points.

H1 Avg (Jan–Jun) 2.0557

H2 Avg (Jul–Dec) 1.7858

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.2710 MGA (High: 2.1597 / Low: 1.8887). On the other end, February was the most stable month, with a tight range of 0.0473 MGA (High: 2.1078 / Low: 2.0605).

May Spread (Volatile) ±0.2710

February Spread (Stable) ±0.0473

Growth Streaks & Declines

Trends

Between February and April, 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 May and June, when the average rate fell by 0.1220 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1220

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.1473) against the same month in 2022 (average: 1.9846), the exchange rate shifted by +0.1626 (+8.19%).

2023 Avg (January) 2.1473

2022 Avg (January) 1.9846

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2238	2.0594	2.1473
February	2.1078	2.0605	2.0840
March	2.1158	2.0615	2.0843
April	2.1544	2.0070	2.1041
May	2.1597	1.8887	2.0183
June	1.9191	1.8671	1.8963
July	1.8797	1.7557	1.8231
August	1.8484	1.7921	1.8180
September	1.8368	1.7878	1.8157
October	1.8315	1.7420	1.7985
November	1.8349	1.6676	1.7762
December	1.7186	1.6379	1.6833