2023 MGA to JPY Historical Review

YEARLY HIGH

0.0337 JPY

YEARLY LOW

0.0284 JPY

YEARLY AVERAGE

0.0316 JPY

2023 MGA to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 0.0337. Conversely, the yearly low was recorded on January 13, dropping to 0.0284.

This high-to-low spread represents a total annual volatility of 0.0053 JPY. From a start-to-finish perspective, comparing the January average rate of 0.0296 to the December average rate of 0.0314, the exchange rate registered a net change of 5.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0337 was down 4.37% compared to the 2022 peak of 0.0353, 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 169 JPY

2022 Average 159 JPY

Yearly Trough Low 142 JPY

Transaction Impact: A difference of 26.63 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0335

0.0293

JanuMarcMayJulySeptNove

MGA to JPY 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 0.0308, compared to 0.0323 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.0308

H2 Avg (Jul–Dec) 0.0323

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0021 JPY (High: 0.0306 / Low: 0.0284). On the other end, September was the most stable month, with a tight range of 0.0006 JPY (High: 0.0330 / Low: 0.0324).

January Spread (Volatile) ±0.0021

September Spread (Stable) ±0.0006

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 November and December, when the average rate fell by 0.0018 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0332) against the same month in 2022 (average: 0.0329), the exchange rate shifted by +0.0003 (+0.77%).

2023 Avg (November) 0.0332

2022 Avg (November) 0.0329

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0306	0.0284	0.0296
February	0.0318	0.0300	0.0310
March	0.0319	0.0300	0.0310
April	0.0313	0.0300	0.0305
May	0.0319	0.0304	0.0312
June	0.0319	0.0312	0.0316
July	0.0320	0.0305	0.0314
August	0.0326	0.0314	0.0322
September	0.0330	0.0324	0.0328
October	0.0334	0.0327	0.0330
November	0.0337	0.0324	0.0332
December	0.0326	0.0305	0.0314