2023 MUR to MGA Historical Review

YEARLY HIGH

105.0783 MGA

YEARLY LOW

90.9508 MGA

YEARLY AVERAGE

98.7064 MGA

2023 MUR to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 105.0783. Conversely, the yearly low was recorded on March 10, dropping to 90.9508.

This high-to-low spread represents a total annual volatility of 14.1274 MGA. From a start-to-finish perspective, comparing the January average rate of 99.7084 to the December average rate of 103.8073, the exchange rate registered a net change of 4.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 105.0783 was up 2.71% compared to the 2022 peak of 102.3013, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MUR based on timing:

Yearly Peak High 525,391 MGA

2022 Average 466,802 MGA

Yearly Trough Low 454,754 MGA

Transaction Impact: A difference of 70,637.23 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

104.9095

91.6828

JanuMarcMayJulySeptNove

MUR to MGA 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 96.4085, compared to 101.0043 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.5958 points.

H1 Avg (Jan–Jun) 96.4085

H2 Avg (Jul–Dec) 101.0043

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 9.5126 MGA (High: 103.9483 / Low: 94.4357). On the other end, October was the most stable month, with a tight range of 1.2106 MGA (High: 102.8862 / Low: 101.6756).

January Spread (Volatile) ±9.5126

October Spread (Stable) ±1.2106

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 5.6920 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -5.6920

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 103.8073) against the same month in 2022 (average: 100.7949), the exchange rate shifted by +3.0124 (+2.99%).

2023 Avg (December) 103.8073

2022 Avg (December) 100.7949

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	103.9483	94.4357	99.7084
February	97.0035	91.9418	94.0164
March	95.2475	90.9508	92.7851
April	98.4649	95.2047	96.9795
May	97.8320	96.0303	96.8955
June	99.7150	95.4719	98.0662
July	100.0995	96.1344	98.7640
August	100.0921	97.1258	98.9600
September	102.1106	96.8222	100.2574
October	102.8862	101.6756	102.1516
November	102.9503	100.4421	102.0854
December	105.0783	101.3742	103.8073