2023 MGA to ZAR Historical Review

YEARLY HIGH

0.0045 ZAR

YEARLY LOW

0.0037 ZAR

YEARLY AVERAGE

0.0041 ZAR

2023 MGA to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.0045. Conversely, the yearly low was recorded on January 12, dropping to 0.0037.

This high-to-low spread represents a total annual volatility of 0.0008 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0039 to the December average rate of 0.0041, the exchange rate registered a net change of 4.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0045 was up 3.50% compared to the 2022 peak of 0.0043, 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 ZAR

2022 Average 20 ZAR

Yearly Trough Low 19 ZAR

Transaction Impact: A difference of 3.98 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0044

0.0038

JanuMarcMayJulySeptNove

MGA to ZAR 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 0.0041 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0042

H2 Avg (Jul–Dec) 0.0041

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0004 ZAR (High: 0.0045 / Low: 0.0040). On the other end, April was the most stable month, with a tight range of 0.0001 ZAR (High: 0.0042 / Low: 0.0041).

June Spread (Volatile) ±0.0004

April Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 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 2 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0043) against the same month in 2022 (average: 0.0040), the exchange rate shifted by +0.0004 (+9.63%).

2023 Avg (May) 0.0043

2022 Avg (May) 0.0040

Monthly Breakdown

Statistical summary for each calendar month.

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