2023 MGA to KRW Historical Review

YEARLY HIGH

0.3088 KRW

YEARLY LOW

0.2729 KRW

YEARLY AVERAGE

0.2936 KRW

2023 MGA to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.3088. Conversely, the yearly low was recorded on January 10, dropping to 0.2729.

This high-to-low spread represents a total annual volatility of 0.0359 KRW. From a start-to-finish perspective, comparing the January average rate of 0.2826 to the December average rate of 0.2840, the exchange rate registered a net change of 0.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3088 was down 10.01% compared to the 2022 peak of 0.3432, 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 1,544 KRW

2022 Average 1,564 KRW

Yearly Trough Low 1,365 KRW

Transaction Impact: A difference of 179.29 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3048

0.2806

JanuMarcMayJulySeptNove

MGA to KRW 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 0.2960, compared to 0.2912 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0049 points.

H1 Avg (Jan–Jun) 0.2960

H2 Avg (Jul–Dec) 0.2912

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0234 KRW (High: 0.3084 / Low: 0.2851). On the other end, October was the most stable month, with a tight range of 0.0053 KRW (High: 0.3000 / Low: 0.2946).

February Spread (Volatile) ±0.0234

October Spread (Stable) ±0.0053

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0122 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0122

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.3028) against the same month in 2022 (average: 0.3037), the exchange rate shifted by -0.0009 (-0.29%).

2023 Avg (March) 0.3028

2022 Avg (March) 0.3037

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2895	0.2729	0.2826
February	0.3084	0.2851	0.2978
March	0.3088	0.2950	0.3028
April	0.3074	0.2971	0.3019
May	0.3064	0.2980	0.3017
June	0.2988	0.2822	0.2895
July	0.2907	0.2799	0.2855
August	0.3001	0.2868	0.2940
September	0.2992	0.2921	0.2958
October	0.3000	0.2946	0.2982
November	0.2978	0.2842	0.2894
December	0.2884	0.2804	0.2840