2023 MVR to MGA Historical Review

YEARLY HIGH

300.6868 MGA

YEARLY LOW

275.2095 MGA

YEARLY AVERAGE

289.5003 MGA

2023 MVR to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 300.6868. Conversely, the yearly low was recorded on March 18, dropping to 275.2095.

This high-to-low spread represents a total annual volatility of 25.4773 MGA. From a start-to-finish perspective, comparing the January average rate of 285.9127 to the December average rate of 298.0853, the exchange rate registered a net change of 4.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 300.6868 was up 3.39% compared to the 2022 peak of 290.8147, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,503,434 MGA

2022 Average 1,338,883 MGA

Yearly Trough Low 1,376,048 MGA

Transaction Impact: A difference of 127,386.39 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

299.8997

278.1273

JanuMarcMayJulySeptNove

MVR 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 284.9631, compared to 294.0374 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.0742 points.

H1 Avg (Jan–Jun) 284.9631

H2 Avg (Jul–Dec) 294.0374

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 18.0466 MGA (High: 295.1683 / Low: 277.1217). On the other end, October was the most stable month, with a tight range of 3.0934 MGA (High: 296.4518 / Low: 293.3585).

January Spread (Volatile) ±18.0466

October Spread (Stable) ±3.0934

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 5.9711 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -5.9711

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 298.0853) against the same month in 2022 (average: 287.6011), the exchange rate shifted by +10.4842 (+3.65%).

2023 Avg (December) 298.0853

2022 Avg (December) 287.6011

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	295.1683	277.1217	285.9127
February	281.6342	278.1638	279.9416
March	284.3407	275.2095	280.3361
April	287.6970	280.9215	285.0501
May	288.4314	285.1547	286.8346
June	296.7156	286.7988	291.7037
July	296.0040	288.0886	292.7021
August	294.5396	289.7964	292.8427
September	295.9526	289.4567	292.5156
October	296.4518	293.3585	294.2545
November	296.7611	290.9385	293.8241
December	300.6868	292.9688	298.0853