2023 ETB to MGA Historical Review

YEARLY HIGH

84.6026 MGA

YEARLY LOW

79.4444 MGA

YEARLY AVERAGE

81.2885 MGA

2023 ETB to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 84.6026. Conversely, the yearly low was recorded on January 28, dropping to 79.4444.

This high-to-low spread represents a total annual volatility of 5.1581 MGA. From a start-to-finish perspective, comparing the January average rate of 82.0085 to the December average rate of 81.5982, the exchange rate registered a net change of -0.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 84.6026 was up 1.32% compared to the 2022 peak of 83.5042, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 423,013 MGA

2022 Average 397,467 MGA

Yearly Trough Low 397,222 MGA

Transaction Impact: A difference of 25,790.67 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

82.2928

79.8209

JanuMarcMayJulySeptNove

ETB 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 80.9965, compared to 81.5806 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5841 points.

H1 Avg (Jan–Jun) 80.9965

H2 Avg (Jul–Dec) 81.5806

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 5.1581 MGA (High: 84.6026 / Low: 79.4444). On the other end, May was the most stable month, with a tight range of 0.8454 MGA (High: 81.3964 / Low: 80.5511).

January Spread (Volatile) ±5.1581

May Spread (Stable) ±0.8454

Growth Streaks & Declines

Trends

Between 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 1.9816 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -1.9816

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 82.0085) against the same month in 2022 (average: 80.2526), the exchange rate shifted by +1.7559 (+2.19%).

2023 Avg (January) 82.0085

2022 Avg (January) 80.2526

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	84.6026	79.4444	82.0085
February	80.4104	79.5534	80.0269
March	81.0750	79.8296	80.1853
April	81.5478	79.6460	80.8079
May	81.3964	80.5511	80.9507
June	83.1811	80.5201	81.9998
July	83.0601	80.3563	82.0868
August	82.3302	80.6684	81.7276
September	82.5067	81.0835	81.6679
October	82.1403	80.8474	81.4235
November	81.5388	80.3994	80.9795
December	82.2785	80.7899	81.5982