2023 FKP to MGA Historical Review

YEARLY HIGH

5944.0575 MGA

YEARLY LOW

5097.0736 MGA

YEARLY AVERAGE

5535.3370 MGA

2023 FKP to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 5944.0575. Conversely, the yearly low was recorded on March 7, dropping to 5097.0736.

This high-to-low spread represents a total annual volatility of 846.9838 MGA. From a start-to-finish perspective, comparing the January average rate of 5384.5016 to the December average rate of 5804.2042, the exchange rate registered a net change of 7.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 5944.0575 was up 8.26% compared to the 2022 peak of 5490.3995, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 29,720,287 MGA

2022 Average 25,503,729 MGA

Yearly Trough Low 25,485,368 MGA

Transaction Impact: A difference of 4,234,919.03 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

5866.0848

5123.5182

JanuMarcMayJulySeptNove

FKP 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 5399.8307, compared to 5670.8434 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 271.0127 points.

H1 Avg (Jan–Jun) 5399.8307

H2 Avg (Jul–Dec) 5670.8434

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 328.5086 MGA (High: 5805.2453 / Low: 5476.7368). On the other end, August was the most stable month, with a tight range of 98.0448 MGA (High: 5756.2498 / Low: 5658.2050).

June Spread (Volatile) ±328.5086

August Spread (Stable) ±98.0448

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 199.1029 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -199.1029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 5796.1805) against the same month in 2022 (average: 4975.5797), the exchange rate shifted by +820.6007 (+16.49%).

2023 Avg (July) 5796.1805

2022 Avg (July) 4975.5797

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	5526.8720	5262.7498	5384.5016
February	5311.2793	5132.0725	5185.3987
March	5356.7821	5097.0736	5232.1001
April	5551.6435	5322.1685	5448.5288
May	5576.9576	5417.5384	5491.7635
June	5805.2453	5476.7368	5656.6913
July	5944.0575	5665.7543	5796.1805
August	5756.2498	5658.2050	5717.5007
September	5697.7230	5501.0210	5586.1782
October	5596.0936	5468.8452	5510.7277
November	5762.0125	5478.6629	5610.2692
December	5881.6933	5714.5470	5804.2042