2023 EGP to MGA Historical Review

YEARLY HIGH

180.7089 MGA

YEARLY LOW

138.2702 MGA

YEARLY AVERAGE

145.2817 MGA

2023 EGP to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 180.7089. Conversely, the yearly low was recorded on March 19, dropping to 138.2702.

This high-to-low spread represents a total annual volatility of 42.4387 MGA. From a start-to-finish perspective, comparing the January average rate of 154.4996 to the December average rate of 148.3003, the exchange rate registered a net change of -4.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 180.7089 was down 29.80% compared to the 2022 peak of 257.4053, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 903,544 MGA

2022 Average 1,091,457 MGA

Yearly Trough Low 691,351 MGA

Transaction Impact: A difference of 212,193.28 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

155.9599

138.4373

JanuMarcMayJulySeptNove

EGP 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 144.1605, compared to 146.4028 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.2423 points.

H1 Avg (Jan–Jun) 144.1605

H2 Avg (Jul–Dec) 146.4028

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 38.7384 MGA (High: 180.7089 / Low: 141.9704). On the other end, October was the most stable month, with a tight range of 1.1826 MGA (High: 147.1573 / Low: 145.9746).

January Spread (Volatile) ±38.7384

October Spread (Stable) ±1.1826

Growth Streaks & Declines

Trends

Between March and July, 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 13.4519 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -13.4519

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 154.4996) against the same month in 2022 (average: 253.1797), the exchange rate shifted by -98.6801 (-38.98%).

2023 Avg (January) 154.4996

2022 Avg (January) 253.1797

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	180.7089	141.9704	154.4996
February	142.4219	139.7092	141.0477
March	140.9343	138.2702	139.8975
April	144.0107	140.1333	141.9371
May	145.7637	141.6554	142.7215
June	146.9961	142.2677	144.8597
July	147.2909	143.1225	145.7493
August	146.6974	143.9593	145.6658
September	147.4974	144.8089	145.9525
October	147.1573	145.9746	146.5921
November	146.9612	145.1507	146.1569
December	149.5105	145.6047	148.3003