2023 MGA to AFN Historical Review

YEARLY HIGH

0.0212 AFN

YEARLY LOW

0.0151 AFN

YEARLY AVERAGE

0.0186 AFN

2023 MGA to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 0.0212. Conversely, the yearly low was recorded on December 11, dropping to 0.0151.

This high-to-low spread represents a total annual volatility of 0.0061 AFN. From a start-to-finish perspective, comparing the January average rate of 0.0202 to the December average rate of 0.0153, the exchange rate registered a net change of -24.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0212 was down 20.20% compared to the 2022 peak of 0.0266, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 106 AFN

2022 Average 109 AFN

Yearly Trough Low 76 AFN

Transaction Impact: A difference of 30.46 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0214

0.0147

JanuMarcMayJulySeptNove

MGA to AFN 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 0.0201, compared to 0.0172 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0029 points.

H1 Avg (Jan–Jun) 0.0201

H2 Avg (Jul–Dec) 0.0172

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0018 AFN (High: 0.0180 / Low: 0.0163). On the other end, December was the most stable month, with a tight range of 0.0006 AFN (High: 0.0157 / Low: 0.0151).

September Spread (Volatile) ±0.0018

December Spread (Stable) ±0.0006

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 August and September, when the average rate fell by 0.0015 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0209) against the same month in 2022 (average: 0.0234), the exchange rate shifted by -0.0025 (-10.83%).

2023 Avg (February) 0.0209

2022 Avg (February) 0.0234

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0210	0.0195	0.0202
February	0.0212	0.0204	0.0209
March	0.0207	0.0198	0.0203
April	0.0208	0.0194	0.0198
May	0.0202	0.0196	0.0199
June	0.0198	0.0188	0.0194
July	0.0197	0.0188	0.0192
August	0.0193	0.0180	0.0188
September	0.0180	0.0163	0.0173
October	0.0173	0.0162	0.0167
November	0.0166	0.0152	0.0158
December	0.0157	0.0151	0.0153