2023 FJD to MGA Historical Review

YEARLY HIGH

2103.3334 MGA

YEARLY LOW

1913.5985 MGA

YEARLY AVERAGE

1995.9327 MGA

2023 FJD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 2103.3334. Conversely, the yearly low was recorded on March 10, dropping to 1913.5985.

This high-to-low spread represents a total annual volatility of 189.7349 MGA. From a start-to-finish perspective, comparing the January average rate of 2019.3981 to the December average rate of 2068.6208, the exchange rate registered a net change of 2.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2103.3334 was up 3.64% compared to the 2022 peak of 2029.5194, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,516,667 MGA

2022 Average 9,434,333 MGA

Yearly Trough Low 9,567,993 MGA

Transaction Impact: A difference of 948,674.44 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2081.1593

1930.6980

JanuMarcMayJulySeptNove

FJD 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 1981.5348, compared to 2010.3306 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 28.7957 points.

H1 Avg (Jan–Jun) 1981.5348

H2 Avg (Jul–Dec) 2010.3306

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 122.5811 MGA (High: 2083.2230 / Low: 1960.6419). On the other end, September was the most stable month, with a tight range of 32.0945 MGA (High: 1999.2572 / Low: 1967.1627).

January Spread (Volatile) ±122.5811

September Spread (Stable) ±32.0945

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 60.2606 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -60.2606

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2068.6208) against the same month in 2022 (average: 2002.1057), the exchange rate shifted by +66.5151 (+3.32%).

2023 Avg (December) 2068.6208

2022 Avg (December) 2002.1057

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2083.2230	1960.6419	2019.3981
February	1984.3050	1931.3980	1959.1374
March	1973.2393	1913.5985	1943.2365
April	1997.3012	1955.1868	1978.0246
May	2007.7208	1954.2083	1978.4073
June	2057.5038	1953.7185	2011.0051
July	2076.3313	1978.4286	2029.2641
August	2025.4512	1944.3053	1995.4361
September	1999.2572	1967.1627	1985.7882
October	2012.6579	1971.1771	1984.7481
November	2036.0179	1962.2378	1998.1261
December	2103.3334	2025.8407	2068.6208