2023 JOD to MGA Historical Review

YEARLY HIGH

6506.2623 MGA

YEARLY LOW

5970.1743 MGA

YEARLY AVERAGE

6274.2638 MGA

2023 JOD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 6506.2623. Conversely, the yearly low was recorded on March 18, dropping to 5970.1743.

This high-to-low spread represents a total annual volatility of 536.0880 MGA. From a start-to-finish perspective, comparing the January average rate of 6200.3795 to the December average rate of 6459.2940, the exchange rate registered a net change of 4.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 6506.2623 was up 3.01% compared to the 2022 peak of 6316.0863, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 32,531,312 MGA

2022 Average 29,120,294 MGA

Yearly Trough Low 29,850,872 MGA

Transaction Impact: A difference of 2,680,439.97 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

6499.4015

6018.1117

JanuMarcMayJulySeptNove

JOD 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 6169.5722, compared to 6378.9555 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 209.3832 points.

H1 Avg (Jan–Jun) 6169.5722

H2 Avg (Jul–Dec) 6378.9555

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 403.5406 MGA (High: 6408.5613 / Low: 6005.0207). On the other end, May was the most stable month, with a tight range of 51.4493 MGA (High: 6221.6270 / Low: 6170.1777).

January Spread (Volatile) ±403.5406

May Spread (Stable) ±51.4493

Growth Streaks & Declines

Trends

Between February and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 142.1603 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -142.1603

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 6459.2940) against the same month in 2022 (average: 6232.7861), the exchange rate shifted by +226.5079 (+3.63%).

2023 Avg (December) 6459.2940

2022 Avg (December) 6232.7861

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6408.5613	6005.0207	6200.3795
February	6090.1158	6019.8892	6058.2192
March	6148.6404	5970.1743	6074.7929
April	6225.1894	6102.3400	6171.1533
May	6221.6270	6170.1777	6203.9528
June	6402.6995	6196.9933	6308.9356
July	6420.2731	6237.2123	6345.8591
August	6402.4697	6282.1098	6358.1966
September	6422.8716	6318.8365	6363.7762
October	6412.8182	6356.2378	6382.4486
November	6403.1822	6322.9393	6364.1583
December	6506.2623	6343.3888	6459.2940