2023 MGA to MXN Historical Review

YEARLY HIGH

0.0045 MXN

YEARLY LOW

0.0037 MXN

YEARLY AVERAGE

0.0040 MXN

2023 MGA to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 0.0045. Conversely, the yearly low was recorded on December 30, dropping to 0.0037.

This high-to-low spread represents a total annual volatility of 0.0008 MXN. From a start-to-finish perspective, comparing the January average rate of 0.0043 to the December average rate of 0.0037, the exchange rate registered a net change of -13.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0045 was down 16.32% compared to the 2022 peak of 0.0053, 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 22 MXN

2022 Average 24 MXN

Yearly Trough Low 18 MXN

Transaction Impact: A difference of 3.97 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0044

0.0037

JanuMarcMayJulySeptNove

MGA to MXN 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 0.0042, compared to 0.0038 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0042

H2 Avg (Jul–Dec) 0.0038

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0003 MXN (High: 0.0045 / Low: 0.0042). On the other end, April was the most stable month, with a tight range of 0.0001 MXN (High: 0.0042 / Low: 0.0041).

March Spread (Volatile) ±0.0003

April Spread (Stable) ±0.0001

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 0.0002 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0043) against the same month in 2022 (average: 0.0051), the exchange rate shifted by -0.0008 (-15.70%).

2023 Avg (February) 0.0043

2022 Avg (February) 0.0051

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0044	0.0042	0.0043
February	0.0045	0.0043	0.0043
March	0.0045	0.0042	0.0043
April	0.0042	0.0041	0.0041
May	0.0041	0.0040	0.0040
June	0.0040	0.0038	0.0039
July	0.0038	0.0037	0.0038
August	0.0038	0.0037	0.0038
September	0.0039	0.0038	0.0038
October	0.0041	0.0038	0.0040
November	0.0040	0.0038	0.0038
December	0.0038	0.0037	0.0037