2023 MGA to GNF Historical Review

YEARLY HIGH

2.0633 GNF

YEARLY LOW

1.8657 GNF

YEARLY AVERAGE

1.9378 GNF

2023 MGA to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 2.0633. Conversely, the yearly low was recorded on December 24, dropping to 1.8657.

This high-to-low spread represents a total annual volatility of 0.1976 GNF. From a start-to-finish perspective, comparing the January average rate of 1.9714 to the December average rate of 1.8772, the exchange rate registered a net change of -4.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.0633 was down 12.28% compared to the 2022 peak of 2.3521, 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 10,317 GNF

2022 Average 10,679 GNF

Yearly Trough Low 9,329 GNF

Transaction Impact: A difference of 987.88 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.0248

1.8638

JanuMarcMayJulySeptNove

MGA to GNF 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 1.9731, compared to 1.9025 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0705 points.

H1 Avg (Jan–Jun) 1.9731

H2 Avg (Jul–Dec) 1.9025

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1539 GNF (High: 2.0633 / Low: 1.9094). On the other end, May was the most stable month, with a tight range of 0.0233 GNF (High: 1.9743 / Low: 1.9510).

January Spread (Volatile) ±0.1539

May Spread (Stable) ±0.0233

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 March and April, when the average rate fell by 0.0393 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0393

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.9714) against the same month in 2022 (average: 2.2857), the exchange rate shifted by -0.3142 (-13.75%).

2023 Avg (January) 1.9714

2022 Avg (January) 2.2857

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0633	1.9094	1.9714
February	2.0484	1.9787	2.0114
March	2.0347	1.9703	2.0039
April	1.9982	1.9445	1.9646
May	1.9743	1.9510	1.9595
June	1.9649	1.8935	1.9274
July	1.9440	1.8869	1.9126
August	1.9384	1.8957	1.9129
September	1.9276	1.8877	1.9081
October	1.9158	1.8901	1.8994
November	1.9244	1.8926	1.9050
December	1.9122	1.8657	1.8772