2023 MGA to INR Historical Review

YEARLY HIGH

0.0195 INR

YEARLY LOW

0.0179 INR

YEARLY AVERAGE

0.0186 INR

2023 MGA to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.0195. Conversely, the yearly low was recorded on January 12, dropping to 0.0179.

This high-to-low spread represents a total annual volatility of 0.0015 INR. From a start-to-finish perspective, comparing the January average rate of 0.0186 to the December average rate of 0.0182, the exchange rate registered a net change of -2.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0195 was down 1.02% compared to the 2022 peak of 0.0197, 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 97 INR

2022 Average 95 INR

Yearly Trough Low 90 INR

Transaction Impact: A difference of 7.70 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0193

0.0181

JanuMarcMayJulySeptNove

MGA to INR 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 0.0188, compared to 0.0183 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0188

H2 Avg (Jul–Dec) 0.0183

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0012 INR (High: 0.0191 / Low: 0.0179). On the other end, October was the most stable month, with a tight range of 0.0002 INR (High: 0.0185 / Low: 0.0182).

January Spread (Volatile) ±0.0012

October Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between July and September, 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 March and April, when the average rate fell by 0.0004 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0191) against the same month in 2022 (average: 0.0190), the exchange rate shifted by +0.0001 (+0.64%).

2023 Avg (March) 0.0191

2022 Avg (March) 0.0190

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0191	0.0179	0.0186
February	0.0194	0.0191	0.0192
March	0.0195	0.0189	0.0191
April	0.0190	0.0185	0.0187
May	0.0189	0.0185	0.0187
June	0.0187	0.0181	0.0184
July	0.0185	0.0180	0.0183
August	0.0186	0.0182	0.0184
September	0.0186	0.0183	0.0184
October	0.0185	0.0182	0.0184
November	0.0186	0.0184	0.0184
December	0.0185	0.0180	0.0182