2023 PEN to MGA Historical Review

YEARLY HIGH

1265.3339 MGA

YEARLY LOW

1092.1068 MGA

YEARLY AVERAGE

1190.3715 MGA

2023 PEN to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 1265.3339. Conversely, the yearly low was recorded on January 26, dropping to 1092.1068.

This high-to-low spread represents a total annual volatility of 173.2271 MGA. From a start-to-finish perspective, comparing the January average rate of 1150.8280 to the December average rate of 1226.5915, the exchange rate registered a net change of 6.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1265.3339 was up 7.44% compared to the 2022 peak of 1177.7077, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,326,669 MGA

2022 Average 5,387,370 MGA

Yearly Trough Low 5,460,534 MGA

Transaction Impact: A difference of 866,135.37 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1263.7579

1106.9630

JanuMarcMayJulySeptNove

PEN 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 1166.6243, compared to 1214.1187 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 47.4944 points.

H1 Avg (Jan–Jun) 1166.6243

H2 Avg (Jul–Dec) 1214.1187

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 107.9210 MGA (High: 1200.0278 / Low: 1092.1068). On the other end, May was the most stable month, with a tight range of 24.2292 MGA (High: 1205.4795 / Low: 1181.2503).

January Spread (Volatile) ±107.9210

May Spread (Stable) ±24.2292

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 31.5091 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -31.5091

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1250.6917) against the same month in 2022 (average: 1063.4115), the exchange rate shifted by +187.2801 (+17.61%).

2023 Avg (July) 1250.6917

2022 Avg (July) 1063.4115

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1200.0278	1092.1068	1150.8280
February	1130.8661	1101.2221	1120.0292
March	1157.5209	1129.6024	1141.1010
April	1191.7938	1150.4119	1165.2446
May	1205.4795	1181.2503	1194.8707
June	1252.9002	1195.6765	1227.6722
July	1265.3339	1232.4016	1250.6917
August	1245.9105	1196.8905	1219.4880
September	1222.2217	1193.9274	1211.0602
October	1198.8155	1165.9135	1179.5510
November	1217.3147	1171.1766	1197.3298
December	1247.8314	1203.5304	1226.5915