2023 NAD to MGA Historical Review

YEARLY HIGH

268.9808 MGA

YEARLY LOW

222.8969 MGA

YEARLY AVERAGE

240.7907 MGA

2023 NAD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 268.9808. Conversely, the yearly low was recorded on June 1, dropping to 222.8969.

This high-to-low spread represents a total annual volatility of 46.0838 MGA. From a start-to-finish perspective, comparing the January average rate of 257.6081 to the December average rate of 245.2973, the exchange rate registered a net change of -4.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 268.9808 was down 3.52% compared to the 2022 peak of 278.7887, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,344,904 MGA

2022 Average 1,269,341 MGA

Yearly Trough Low 1,114,485 MGA

Transaction Impact: A difference of 230,419.16 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

260.2933

228.0700

JanuMarcMayJulySeptNove

NAD 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 240.7793, compared to 240.8022 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0229 points.

H1 Avg (Jan–Jun) 240.7793

H2 Avg (Jul–Dec) 240.8022

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 25.9501 MGA (High: 248.8470 / Low: 222.8969). On the other end, April was the most stable month, with a tight range of 8.3810 MGA (High: 244.4869 / Low: 236.1058).

June Spread (Volatile) ±25.9501

April Spread (Stable) ±8.3810

Growth Streaks & Declines

Trends

Between May and July, 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 January and February, when the average rate fell by 17.0860 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -17.0860

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 257.6081) against the same month in 2022 (average: 256.7849), the exchange rate shifted by +0.8231 (+0.32%).

2023 Avg (January) 257.6081

2022 Avg (January) 256.7849

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	268.9808	247.1441	257.6081
February	252.2176	232.6817	240.5220
March	242.1141	230.0883	235.8308
April	244.4869	236.1058	240.8618
May	241.1130	223.5299	230.7553
June	248.8470	222.8969	239.0978
July	254.7535	240.0696	246.7508
August	247.1846	226.7745	238.9292
September	241.2565	232.8304	237.6940
October	241.1141	223.9989	235.2450
November	248.1709	226.0543	240.8969
December	251.2867	239.2359	245.2973