2023 MXN to MGA Historical Review

YEARLY HIGH

272.0321 MGA

YEARLY LOW

223.6927 MGA

YEARLY AVERAGE

251.3713 MGA

2023 MXN to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 272.0321. Conversely, the yearly low was recorded on February 6, dropping to 223.6927.

This high-to-low spread represents a total annual volatility of 48.3395 MGA. From a start-to-finish perspective, comparing the January average rate of 231.9391 to the December average rate of 266.9693, the exchange rate registered a net change of 15.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 272.0321 was up 18.30% compared to the 2022 peak of 229.9570, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 13,601,606 MGA

2022 Average 10,277,478 MGA

Yearly Trough Low 11,184,633 MGA

Transaction Impact: A difference of 2,416,973.34 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

270.5501

227.5805

JanuMarcMayJulySeptNove

MXN 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 241.2505, compared to 261.4921 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 20.2417 points.

H1 Avg (Jan–Jun) 241.2505

H2 Avg (Jul–Dec) 261.4921

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 16.7797 MGA (High: 240.8585 / Low: 224.0788). On the other end, April was the most stable month, with a tight range of 7.1471 MGA (High: 245.2710 / Low: 238.1238).

March Spread (Volatile) ±16.7797

April Spread (Stable) ±7.1471

Growth Streaks & Declines

Trends

Between February and July, 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 September and October, when the average rate fell by 10.3798 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -10.3798

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 266.9693) against the same month in 2022 (average: 225.7076), the exchange rate shifted by +41.2617 (+18.28%).

2023 Avg (December) 266.9693

2022 Avg (December) 225.7076

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	239.9579	226.1499	231.9391
February	234.8703	223.6927	231.1613
March	240.8585	224.0788	234.2380
April	245.2710	238.1238	242.3005
May	252.1897	244.4852	248.2956
June	265.6854	250.4132	259.5682
July	269.4729	260.6959	265.9980
August	270.8796	259.8396	265.0362
September	264.5972	254.3119	260.7449
October	261.3660	246.9111	250.3651
November	264.2089	252.0500	259.8393
December	272.0321	261.2149	266.9693