2023 MGA to ETB Historical Review

YEARLY HIGH

0.0126 ETB

YEARLY LOW

0.0118 ETB

YEARLY AVERAGE

0.0123 ETB

2023 MGA to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 28, valuing the pair at 0.0126. Conversely, the yearly low was recorded on January 11, dropping to 0.0118.

This high-to-low spread represents a total annual volatility of 0.0008 ETB. From a start-to-finish perspective, comparing the January average rate of 0.0122 to the December average rate of 0.0123, the exchange rate registered a net change of 0.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0126 was down 2.76% compared to the 2022 peak of 0.0129, 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 63 ETB

2022 Average 63 ETB

Yearly Trough Low 59 ETB

Transaction Impact: A difference of 3.84 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0125

0.0122

JanuMarcMayJulySeptNove

MGA to ETB 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 0.0123, compared to 0.0123 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0123

H2 Avg (Jul–Dec) 0.0123

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0008 ETB (High: 0.0126 / Low: 0.0118). On the other end, May was the most stable month, with a tight range of 0.0001 ETB (High: 0.0124 / Low: 0.0123).

January Spread (Volatile) ±0.0008

May Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0002 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0122) against the same month in 2022 (average: 0.0125), the exchange rate shifted by -0.0003 (-2.08%).

2023 Avg (January) 0.0122

2022 Avg (January) 0.0125

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0126	0.0118	0.0122
February	0.0126	0.0124	0.0125
March	0.0125	0.0123	0.0125
April	0.0126	0.0123	0.0124
May	0.0124	0.0123	0.0124
June	0.0124	0.0120	0.0122
July	0.0124	0.0120	0.0122
August	0.0124	0.0121	0.0122
September	0.0123	0.0121	0.0122
October	0.0124	0.0122	0.0123
November	0.0124	0.0123	0.0123
December	0.0124	0.0122	0.0123