2023 MGA to PHP Historical Review

YEARLY HIGH

0.0130 PHP

YEARLY LOW

0.0120 PHP

YEARLY AVERAGE

0.0125 PHP

2023 MGA to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 0.0130. Conversely, the yearly low was recorded on December 25, dropping to 0.0120.

This high-to-low spread represents a total annual volatility of 0.0010 PHP. From a start-to-finish perspective, comparing the January average rate of 0.0125 to the December average rate of 0.0121, the exchange rate registered a net change of -3.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0130 was down 8.66% compared to the 2022 peak of 0.0142, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 65 PHP

2022 Average 66 PHP

Yearly Trough Low 60 PHP

Transaction Impact: A difference of 4.94 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0128

0.0121

JanuMarcMayJulySeptNove

MGA to PHP 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 0.0126, compared to 0.0124 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0126

H2 Avg (Jul–Dec) 0.0124

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0008 PHP (High: 0.0128 / Low: 0.0121). On the other end, October was the most stable month, with a tight range of 0.0001 PHP (High: 0.0126 / Low: 0.0125).

January Spread (Volatile) ±0.0008

October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0003 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0128) against the same month in 2022 (average: 0.0129), the exchange rate shifted by -0.0001 (-0.80%).

2023 Avg (February) 0.0128

2022 Avg (February) 0.0129

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0128	0.0121	0.0125
February	0.0130	0.0125	0.0128
March	0.0129	0.0124	0.0127
April	0.0128	0.0125	0.0126
May	0.0128	0.0125	0.0127
June	0.0128	0.0122	0.0125
July	0.0124	0.0120	0.0122
August	0.0127	0.0122	0.0125
September	0.0127	0.0124	0.0126
October	0.0126	0.0125	0.0125
November	0.0125	0.0122	0.0123
December	0.0123	0.0120	0.0121

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