2023 DOP to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 DOP to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the DOP to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on June 20, valuing the pair at 82.5093. Conversely, the yearly low was recorded on January 26, dropping to 75.0761.
This high-to-low spread represents a total annual volatility of 7.4332 MGA. From a start-to-finish perspective, comparing the January average rate of 77.7348 to the December average rate of 79.9317, the exchange rate registered a net change of 2.83% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 82.5093 was up 2.33% compared to the 2022 peak of 80.6321, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 DOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
DOP 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 79.1657, compared to 79.8009 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6352 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 5.3122 MGA (High: 80.3883 / Low: 75.0761). On the other end, October was the most stable month, with a tight range of 0.6530 MGA (High: 80.0100 / Low: 79.3570).
Growth Streaks & Declines
TrendsBetween February and June, 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 1.2234 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2023: 81.5606) against the same month in 2022 (average: 73.7519), the exchange rate shifted by +7.8087 (+10.59%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 80.3883 | 75.0761 | 77.7348 |
| February | 77.1929 | 75.3250 | 76.5114 |
| March | 79.7098 | 77.3340 | 78.4395 |
| April | 81.0836 | 78.9087 | 80.0335 |
| May | 81.0823 | 80.2216 | 80.7148 |
| June | 82.5093 | 80.4674 | 81.5606 |
| July | 82.4044 | 78.6777 | 80.6557 |
| August | 80.1890 | 78.5394 | 79.4979 |
| September | 80.1092 | 78.8025 | 79.4584 |
| October | 80.0100 | 79.3570 | 79.7188 |
| November | 80.1928 | 78.7057 | 79.5432 |
| December | 80.8483 | 79.1152 | 79.9317 |