2023 GMD to MGA Historical Review

YEARLY HIGH

76.4185 MGA

YEARLY LOW

66.6646 MGA

YEARLY AVERAGE

71.5381 MGA

2023 GMD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 11, valuing the pair at 76.4185. Conversely, the yearly low was recorded on November 9, dropping to 66.6646.

This high-to-low spread represents a total annual volatility of 9.7539 MGA. From a start-to-finish perspective, comparing the January average rate of 70.9165 to the December average rate of 68.0367, the exchange rate registered a net change of -4.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 76.4185 was down 2.20% compared to the 2022 peak of 78.1388, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 382,092 MGA

2022 Average 373,195 MGA

Yearly Trough Low 333,323 MGA

Transaction Impact: A difference of 48,769.43 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

76.2539

66.6974

JanuMarcMayJulySeptNove

GMD 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 71.8582, compared to 71.2180 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6402 points.

H1 Avg (Jan–Jun) 71.8582

H2 Avg (Jul–Dec) 71.2180

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 5.1354 MGA (High: 74.7286 / Low: 69.5932). On the other end, May was the most stable month, with a tight range of 1.0680 MGA (High: 74.0809 / Low: 73.0129).

September Spread (Volatile) ±5.1354

May Spread (Stable) ±1.0680

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 September and October, when the average rate fell by 3.9961 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -3.9961

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 75.4576) against the same month in 2022 (average: 76.6541), the exchange rate shifted by -1.1965 (-1.56%).

2023 Avg (July) 75.4576

2022 Avg (July) 76.6541

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	73.2245	68.4948	70.9165
February	70.7670	69.6032	70.3469
March	71.3308	68.9143	70.2132
April	73.6447	69.6541	70.7928
May	74.0809	73.0129	73.6348
June	76.2403	73.7876	75.2450
July	76.4185	74.1937	75.4576
August	74.9239	73.6486	74.3039
September	74.7286	69.5932	73.0061
October	70.6879	68.5535	69.0099
November	69.6033	66.6646	67.4937
December	68.5735	66.8648	68.0367