2023 CNY to MGA Historical Review

YEARLY HIGH

671.3821 MGA

YEARLY LOW

609.4239 MGA

YEARLY AVERAGE

629.2885 MGA

2023 CNY to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 671.3821. Conversely, the yearly low was recorded on September 9, dropping to 609.4239.

This high-to-low spread represents a total annual volatility of 61.9582 MGA. From a start-to-finish perspective, comparing the January average rate of 647.6770 to the December average rate of 643.7513, the exchange rate registered a net change of -0.61% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 671.3821 was up 3.37% compared to the 2022 peak of 649.4730, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 16,784,552 MGA

2022 Average 15,351,794 MGA

Yearly Trough Low 15,235,599 MGA

Transaction Impact: A difference of 1,548,953.93 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

650.6067

615.4499

JanuMarcMayJulySeptNove

CNY 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 632.0326, compared to 626.5444 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.4882 points.

H1 Avg (Jan–Jun) 632.0326

H2 Avg (Jul–Dec) 626.5444

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 43.5189 MGA (High: 671.3821 / Low: 627.8632). On the other end, April was the most stable month, with a tight range of 11.7653 MGA (High: 641.6524 / Low: 629.8871).

January Spread (Volatile) ±43.5189

April Spread (Stable) ±11.7653

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 19.5920 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -19.5920

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 647.6770) against the same month in 2022 (average: 626.2125), the exchange rate shifted by +21.4645 (+3.43%).

2023 Avg (January) 647.6770

2022 Avg (January) 626.2125

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	671.3821	627.8632	647.6770
February	636.4649	617.7942	628.0850
March	639.5762	615.3773	625.3230
April	641.6524	629.8871	635.6680
May	638.5119	620.5180	629.8693
June	634.8103	619.0443	625.5732
July	633.1489	615.3631	626.2359
August	629.5607	613.1894	621.8161
September	624.8348	609.4239	618.3796
October	634.3448	617.0477	622.4552
November	640.8327	615.7732	626.6285
December	652.0963	636.3050	643.7513