2023 CVE to MGA Historical Review

YEARLY HIGH

46.2885 MGA

YEARLY LOW

41.1269 MGA

YEARLY AVERAGE

43.5968 MGA

2023 CVE to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 46.2885. Conversely, the yearly low was recorded on February 27, dropping to 41.1269.

This high-to-low spread represents a total annual volatility of 5.1616 MGA. From a start-to-finish perspective, comparing the January average rate of 42.9163 to the December average rate of 45.2999, the exchange rate registered a net change of 5.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 46.2885 was up 6.99% compared to the 2022 peak of 43.2641, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 231,443 MGA

2022 Average 196,676 MGA

Yearly Trough Low 205,634 MGA

Transaction Impact: A difference of 25,808.22 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

45.6595

41.3450

JanuMarcMayJulySeptNove

CVE 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 42.8481, compared to 44.3456 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4975 points.

H1 Avg (Jan–Jun) 42.8481

H2 Avg (Jul–Dec) 44.3456

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 2.6123 MGA (High: 44.9501 / Low: 42.3378). On the other end, October was the most stable month, with a tight range of 0.6709 MGA (High: 43.6801 / Low: 43.0093).

June Spread (Volatile) ±2.6123

October Spread (Stable) ±0.6709

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 January and February, when the average rate fell by 1.2118 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.2118

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 45.2999) against the same month in 2022 (average: 42.3682), the exchange rate shifted by +2.9318 (+6.92%).

2023 Avg (December) 45.2999

2022 Avg (December) 42.3682

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	44.2470	41.8137	42.9163
February	42.3304	41.1269	41.7046
March	43.0753	41.2330	41.8211
April	44.1413	42.6209	43.4753
May	43.9784	42.6912	43.2999
June	44.9501	42.3378	43.8711
July	45.9644	44.4167	45.0847
August	45.0834	43.8691	44.5230
September	44.4019	43.1901	43.6688
October	43.6801	43.0093	43.3384
November	45.1409	43.0205	44.1586
December	46.2885	44.1791	45.2999