2023 JPY to MGA Historical Review

YEARLY HIGH

35.1851 MGA

YEARLY LOW

29.6323 MGA

YEARLY AVERAGE

31.7226 MGA

2023 JPY to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JPY to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 35.1851. Conversely, the yearly low was recorded on November 9, dropping to 29.6323.

This high-to-low spread represents a total annual volatility of 5.5528 MGA. From a start-to-finish perspective, comparing the January average rate of 33.7908 to the December average rate of 31.9033, the exchange rate registered a net change of -5.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 35.1851 was down 0.12% compared to the 2022 peak of 35.2258, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 JPY based on timing:

Yearly Peak High 17,592,556 MGA

2022 Average 15,781,506 MGA

Yearly Trough Low 14,816,166 MGA

Transaction Impact: A difference of 2,776,390.43 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

34.1562

29.7712

JanuMarcMayJulySeptNove

JPY 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 32.4778, compared to 30.9674 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.5104 points.

H1 Avg (Jan–Jun) 32.4778

H2 Avg (Jul–Dec) 30.9674

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 2.4555 MGA (High: 35.1851 / Low: 32.7296). On the other end, September was the most stable month, with a tight range of 0.6029 MGA (High: 30.8757 / Low: 30.2728).

January Spread (Volatile) ±2.4555

September Spread (Stable) ±0.6029

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.5137 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -1.5137

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 33.7908) against the same month in 2022 (average: 34.6551), the exchange rate shifted by -0.8642 (-2.49%).

2023 Avg (January) 33.7908

2022 Avg (January) 34.6551

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	35.1851	32.7296	33.7908
February	33.3385	31.4336	32.2771
March	33.3301	31.3684	32.2716
April	33.3017	31.9181	32.7788
May	32.8516	31.3203	32.0793
June	32.0933	31.3163	31.6695
July	32.7996	31.2411	31.8864
August	31.8379	30.6721	31.0910
September	30.8757	30.2728	30.5109
October	30.5965	29.9242	30.2763
November	30.8633	29.6323	30.1367
December	32.7368	30.6508	31.9033