2023 KMF to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 KMF to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the KMF to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 10.3711. Conversely, the yearly low was recorded on March 18, dropping to 9.1788.
This high-to-low spread represents a total annual volatility of 1.1923 MGA. From a start-to-finish perspective, comparing the January average rate of 9.6233 to the December average rate of 10.1587, the exchange rate registered a net change of 5.56% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 10.3711 was up 5.66% compared to the 2022 peak of 9.8159, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 KMF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
KMF to MGA Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 9.6048, compared to 9.9372 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3323 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 0.5462 MGA (High: 10.0737 / Low: 9.5275). On the other end, October was the most stable month, with a tight range of 0.1692 MGA (High: 9.8005 / Low: 9.6313).
Growth Streaks & Declines
TrendsBetween 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 0.2816 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 10.1587) against the same month in 2022 (average: 9.5110), the exchange rate shifted by +0.6477 (+6.81%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.9230 | 9.3897 | 9.6233 |
| February | 9.5511 | 9.2043 | 9.3417 |
| March | 9.6202 | 9.1788 | 9.3578 |
| April | 9.8862 | 9.5695 | 9.7523 |
| May | 9.8847 | 9.5654 | 9.7122 |
| June | 10.0737 | 9.5275 | 9.8418 |
| July | 10.2823 | 9.9801 | 10.1017 |
| August | 10.0793 | 9.8674 | 9.9718 |
| September | 9.9282 | 9.6750 | 9.7844 |
| October | 9.8005 | 9.6313 | 9.7116 |
| November | 10.1344 | 9.6629 | 9.8947 |
| December | 10.3711 | 9.9776 | 10.1587 |