2023 DJF to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 DJF to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the DJF to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 25.9551. Conversely, the yearly low was recorded on January 28, dropping to 23.9434.
This high-to-low spread represents a total annual volatility of 2.0117 MGA. From a start-to-finish perspective, comparing the January average rate of 24.7471 to the December average rate of 25.7301, the exchange rate registered a net change of 3.97% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 25.9551 was up 2.84% compared to the 2022 peak of 25.2394, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 DJF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
DJF to MGA Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 24.6165, compared to 25.4282 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8117 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 1.6452 MGA (High: 25.5887 / Low: 23.9434). On the other end, May was the most stable month, with a tight range of 0.2246 MGA (High: 24.8240 / Low: 24.5994).
Growth Streaks & Declines
TrendsBetween 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 0.5980 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 25.7301) against the same month in 2022 (average: 24.8554), the exchange rate shifted by +0.8748 (+3.52%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.5887 | 23.9434 | 24.7471 |
| February | 24.4392 | 23.9606 | 24.1491 |
| March | 24.5285 | 24.1148 | 24.2610 |
| April | 25.1271 | 24.3438 | 24.6452 |
| May | 24.8240 | 24.5994 | 24.7479 |
| June | 25.5838 | 24.7179 | 25.1483 |
| July | 25.6934 | 24.8927 | 25.3314 |
| August | 25.4670 | 24.9998 | 25.3035 |
| September | 25.5425 | 25.0700 | 25.3332 |
| October | 25.5963 | 25.2941 | 25.4580 |
| November | 25.5676 | 25.2284 | 25.4129 |
| December | 25.9551 | 25.3521 | 25.7301 |