2023 JMD to MGA Historical Review

YEARLY HIGH

29.8253 MGA

YEARLY LOW

27.6094 MGA

YEARLY AVERAGE

28.8821 MGA

2023 JMD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 29.8253. Conversely, the yearly low was recorded on February 5, dropping to 27.6094.

This high-to-low spread represents a total annual volatility of 2.2159 MGA. From a start-to-finish perspective, comparing the January average rate of 28.7770 to the December average rate of 29.5037, the exchange rate registered a net change of 2.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 29.8253 was up 1.00% compared to the 2022 peak of 29.5297, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 149,127 MGA

2022 Average 134,613 MGA

Yearly Trough Low 138,047 MGA

Transaction Impact: A difference of 11,079.53 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

29.6675

27.7021

JanuMarcMayJulySeptNove

JMD 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 28.5542, compared to 29.2100 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6559 points.

H1 Avg (Jan–Jun) 28.5542

H2 Avg (Jul–Dec) 29.2100

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 2.1642 MGA (High: 29.8223 / Low: 27.6581). On the other end, April was the most stable month, with a tight range of 0.2012 MGA (High: 28.8479 / Low: 28.6466).

January Spread (Volatile) ±2.1642

April Spread (Stable) ±0.2012

Growth Streaks & Declines

Trends

Between February and April, 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 January and February, when the average rate fell by 0.9111 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.9111

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 29.5037) against the same month in 2022 (average: 28.8477), the exchange rate shifted by +0.6560 (+2.27%).

2023 Avg (December) 29.5037

2022 Avg (December) 28.8477

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	29.8223	27.6581	28.7770
February	28.0200	27.6094	27.8659
March	28.9053	27.8798	28.3751
April	28.8479	28.6466	28.7739
May	28.8042	28.4046	28.5622
June	29.4538	28.4443	28.9711
July	29.6440	28.6359	29.1765
August	29.2502	28.7953	29.1150
September	29.3419	28.9598	29.1815
October	29.3680	29.0178	29.2217
November	29.2480	28.6624	29.0618
December	29.8253	29.1089	29.5037