2023 MGA to XOF Historical Review

YEARLY HIGH

0.1447 XOF

YEARLY LOW

0.1285 XOF

YEARLY AVERAGE

0.1363 XOF

2023 MGA to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 28, valuing the pair at 0.1447. Conversely, the yearly low was recorded on December 30, dropping to 0.1285.

This high-to-low spread represents a total annual volatility of 0.0162 XOF. From a start-to-finish perspective, comparing the January average rate of 0.1383 to the December average rate of 0.1311, the exchange rate registered a net change of -5.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1447 was down 11.31% compared to the 2022 peak of 0.1632, 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 724 XOF

2022 Average 755 XOF

Yearly Trough Low 643 XOF

Transaction Impact: A difference of 80.92 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1438

0.1299

JanuMarcMayJulySeptNove

MGA to XOF 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 0.1386, compared to 0.1340 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0046 points.

H1 Avg (Jan–Jun) 0.1386

H2 Avg (Jul–Dec) 0.1340

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0080 XOF (High: 0.1416 / Low: 0.1335). On the other end, October was the most stable month, with a tight range of 0.0025 XOF (High: 0.1383 / Low: 0.1359).

January Spread (Volatile) ±0.0080

October Spread (Stable) ±0.0025

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 March and April, when the average rate fell by 0.0057 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0057

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.1426) against the same month in 2022 (average: 0.1451), the exchange rate shifted by -0.0024 (-1.68%).

2023 Avg (February) 0.1426

2022 Avg (February) 0.1451

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1416	0.1335	0.1383
February	0.1447	0.1389	0.1426
March	0.1444	0.1386	0.1421
April	0.1402	0.1335	0.1364
May	0.1391	0.1326	0.1370
June	0.1390	0.1320	0.1352
July	0.1341	0.1291	0.1318
August	0.1349	0.1318	0.1336
September	0.1375	0.1347	0.1362
October	0.1383	0.1359	0.1371
November	0.1371	0.1317	0.1343
December	0.1338	0.1285	0.1311