2023 LRD to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 LRD to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the LRD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 29.4213. Conversely, the yearly low was recorded on August 8, dropping to 23.8263.
This high-to-low spread represents a total annual volatility of 5.5950 MGA. From a start-to-finish perspective, comparing the January average rate of 28.3151 to the December average rate of 24.3449, the exchange rate registered a net change of -14.02% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 29.4213 was up 1.43% compared to the 2022 peak of 29.0061, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 LRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
LRD 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 26.9422, compared to 24.2456 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.6966 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 2.2149 MGA (High: 29.4213 / Low: 27.2064). On the other end, October was the most stable month, with a tight range of 0.2344 MGA (High: 24.3735 / Low: 24.1391).
Growth Streaks & Declines
TrendsBetween August and October, 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 June and July, when the average rate fell by 1.1339 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 28.3151) against the same month in 2022 (average: 26.6433), the exchange rate shifted by +1.6717 (+6.27%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 29.4213 | 27.2064 | 28.3151 |
| February | 28.0441 | 26.9560 | 27.4734 |
| March | 28.3650 | 26.3162 | 27.0335 |
| April | 27.0420 | 26.3470 | 26.8375 |
| May | 26.6314 | 26.0931 | 26.3593 |
| June | 26.0924 | 25.1527 | 25.6344 |
| July | 25.1828 | 23.9102 | 24.5005 |
| August | 24.3709 | 23.8263 | 24.1623 |
| September | 24.4314 | 24.0011 | 24.2004 |
| October | 24.3735 | 24.1391 | 24.2287 |
| November | 24.1584 | 23.9001 | 24.0369 |
| December | 24.5051 | 23.9171 | 24.3449 |