2023 MGA to UZS Historical Review

YEARLY HIGH

2.7423 UZS

YEARLY LOW

2.4890 UZS

YEARLY AVERAGE

2.6373 UZS

2023 MGA to UZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to UZS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 2.7423. Conversely, the yearly low was recorded on January 10, dropping to 2.4890.

This high-to-low spread represents a total annual volatility of 0.2533 UZS. From a start-to-finish perspective, comparing the January average rate of 2.5715 to the December average rate of 2.6960, the exchange rate registered a net change of 4.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7423 was down 4.61% compared to the 2022 peak of 2.8748, 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 13,712 UZS

2022 Average 13,393 UZS

Yearly Trough Low 12,445 UZS

Transaction Impact: A difference of 1,266.61 UZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7342

2.5469

JanuMarcMayJulySeptNove

MGA to UZS 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 2.6030, compared to 2.6716 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0686 points.

H1 Avg (Jan–Jun) 2.6030

H2 Avg (Jul–Dec) 2.6716

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1702 UZS (High: 2.6592 / Low: 2.4890). On the other end, February was the most stable month, with a tight range of 0.0251 UZS (High: 2.6499 / Low: 2.6247).

January Spread (Volatile) ±0.1702

February Spread (Stable) ±0.0251

Growth Streaks & Declines

Trends

Between June and September, 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 0.0371 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0371

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 2.7186) against the same month in 2022 (average: 2.5958), the exchange rate shifted by +0.1228 (+4.73%).

2023 Avg (November) 2.7186

2022 Avg (November) 2.5958

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6592	2.4890	2.5715
February	2.6499	2.6247	2.6379
March	2.6609	2.6085	2.6408
April	2.6369	2.5791	2.6056
May	2.6147	2.5849	2.5996
June	2.5947	2.5288	2.5625
July	2.6205	2.5287	2.5720
August	2.7044	2.5829	2.6473
September	2.7207	2.6810	2.6978
October	2.7113	2.6854	2.6977
November	2.7423	2.7023	2.7186
December	2.7344	2.6777	2.6960