2023 HKD to MGA Historical Review

YEARLY HIGH

591.1245 MGA

YEARLY LOW

539.8981 MGA

YEARLY AVERAGE

568.3846 MGA

2023 HKD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 591.1245. Conversely, the yearly low was recorded on March 18, dropping to 539.8981.

This high-to-low spread represents a total annual volatility of 51.2264 MGA. From a start-to-finish perspective, comparing the January average rate of 562.4956 to the December average rate of 586.7747, the exchange rate registered a net change of 4.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 591.1245 was up 3.09% compared to the 2022 peak of 573.3850, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 14,778,112 MGA

2022 Average 13,184,345 MGA

Yearly Trough Low 13,497,451 MGA

Transaction Impact: A difference of 1,280,660.20 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

590.6776

543.8424

JanuMarcMayJulySeptNove

HKD 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 558.3555, compared to 578.4136 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 20.0581 points.

H1 Avg (Jan–Jun) 558.3555

H2 Avg (Jul–Dec) 578.4136

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 37.9229 MGA (High: 581.9269 / Low: 544.0040). On the other end, October was the most stable month, with a tight range of 5.1292 MGA (High: 581.5548 / Low: 576.4256).

January Spread (Volatile) ±37.9229

October Spread (Stable) ±5.1292

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 14.7503 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -14.7503

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 586.7747) against the same month in 2022 (average: 567.5522), the exchange rate shifted by +19.2225 (+3.39%).

2023 Avg (December) 586.7747

2022 Avg (December) 567.5522

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	581.9269	544.0040	562.4956
February	550.3708	544.1768	547.7453
March	555.6880	539.8981	549.1286
April	562.5704	551.4685	557.7049
May	564.1659	557.6782	561.6261
June	579.9199	561.2589	571.4325
July	581.9210	565.9609	575.6982
August	579.1395	568.7842	575.1714
September	581.9887	570.5979	575.9400
October	581.5548	576.4256	578.6297
November	582.3949	573.8189	578.2679
December	591.1245	576.0406	586.7747