2023 GNF to MGA Historical Review

YEARLY HIGH

0.5360 MGA

YEARLY LOW

0.4847 MGA

YEARLY AVERAGE

0.5163 MGA

2023 GNF to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 24, valuing the pair at 0.5360. Conversely, the yearly low was recorded on January 27, dropping to 0.4847.

This high-to-low spread represents a total annual volatility of 0.0513 MGA. From a start-to-finish perspective, comparing the January average rate of 0.5075 to the December average rate of 0.5327, the exchange rate registered a net change of 4.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5360 was up 4.28% compared to the 2022 peak of 0.5140, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,680 MGA

2022 Average 2,346 MGA

Yearly Trough Low 2,423 MGA

Transaction Impact: A difference of 256.62 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5363

0.4936

JanuMarcMayJulySeptNove

GNF 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 0.5070, compared to 0.5257 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0186 points.

H1 Avg (Jan–Jun) 0.5070

H2 Avg (Jul–Dec) 0.5257

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0391 MGA (High: 0.5237 / Low: 0.4847). On the other end, May was the most stable month, with a tight range of 0.0060 MGA (High: 0.5126 / Low: 0.5065).

January Spread (Volatile) ±0.0391

May Spread (Stable) ±0.0060

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 0.0103 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0103

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.5327) against the same month in 2022 (average: 0.5084), the exchange rate shifted by +0.0243 (+4.78%).

2023 Avg (December) 0.5327

2022 Avg (December) 0.5084

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5237	0.4847	0.5075
February	0.5054	0.4882	0.4972
March	0.5075	0.4915	0.4991
April	0.5143	0.5005	0.5090
May	0.5126	0.5065	0.5103
June	0.5281	0.5089	0.5189
July	0.5300	0.5144	0.5229
August	0.5275	0.5159	0.5228
September	0.5298	0.5188	0.5241
October	0.5291	0.5220	0.5265
November	0.5284	0.5197	0.5249
December	0.5360	0.5230	0.5327