2023 NPR to MGA Historical Review

YEARLY HIGH

34.8238 MGA

YEARLY LOW

32.3144 MGA

YEARLY AVERAGE

33.6902 MGA

2023 NPR to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 34.8238. Conversely, the yearly low was recorded on February 22, dropping to 32.3144.

This high-to-low spread represents a total annual volatility of 2.5095 MGA. From a start-to-finish perspective, comparing the January average rate of 33.5971 to the December average rate of 34.3734, the exchange rate registered a net change of 2.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 34.8238 was up 2.71% compared to the 2022 peak of 33.9064, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 174,119 MGA

2022 Average 164,257 MGA

Yearly Trough Low 161,572 MGA

Transaction Impact: A difference of 12,547.25 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

34.5582

32.3402

JanuMarcMayJulySeptNove

NPR 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 33.2948, compared to 34.0857 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7909 points.

H1 Avg (Jan–Jun) 33.2948

H2 Avg (Jul–Dec) 34.0857

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 2.2065 MGA (High: 34.8238 / Low: 32.6173). On the other end, October was the most stable month, with a tight range of 0.3117 MGA (High: 34.1746 / Low: 33.8629).

January Spread (Volatile) ±2.2065

October Spread (Stable) ±0.3117

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 January and February, when the average rate fell by 1.0721 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -1.0721

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 33.5971) against the same month in 2022 (average: 33.4259), the exchange rate shifted by +0.1712 (+0.51%).

2023 Avg (January) 33.5971

2022 Avg (January) 33.4259

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	34.8238	32.6173	33.5971
February	32.6920	32.3144	32.5250
March	33.1955	32.4913	32.7677
April	33.7587	32.9142	33.4098
May	33.6968	33.2193	33.4328
June	34.6351	33.2416	34.0363
July	34.7262	33.7806	34.2608
August	34.2477	33.5600	33.9766
September	34.2282	33.6657	33.9553
October	34.1746	33.8629	34.0344
November	34.0735	33.6564	33.9134
December	34.6353	33.7634	34.3734