2023 PLN to MGA Historical Review

YEARLY HIGH

1177.5680 MGA

YEARLY LOW

955.6217 MGA

YEARLY AVERAGE

1061.5874 MGA

2023 PLN to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PLN to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 1177.5680. Conversely, the yearly low was recorded on February 22, dropping to 955.6217.

This high-to-low spread represents a total annual volatility of 221.9463 MGA. From a start-to-finish perspective, comparing the January average rate of 1014.7564 to the December average rate of 1155.4529, the exchange rate registered a net change of 13.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1177.5680 was up 15.17% compared to the 2022 peak of 1022.4459, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 PLN based on timing:

Yearly Peak High 23,551,360 MGA

2022 Average 18,572,730 MGA

Yearly Trough Low 19,112,434 MGA

Transaction Impact: A difference of 4,438,926.71 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1174.0332

951.0691

JanuMarcMayJulySeptNove

PLN 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 1024.1150, compared to 1099.0597 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 74.9447 points.

H1 Avg (Jan–Jun) 1024.1150

H2 Avg (Jul–Dec) 1099.0597

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 74.4585 MGA (High: 1146.9790 / Low: 1072.5205). On the other end, May was the most stable month, with a tight range of 27.9940 MGA (High: 1070.2258 / Low: 1042.2319).

November Spread (Volatile) ±74.4585

May Spread (Stable) ±27.9940

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 August and September, when the average rate fell by 54.7309 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -54.7309

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1155.4529) against the same month in 2022 (average: 1000.6627), the exchange rate shifted by +154.7902 (+15.47%).

2023 Avg (December) 1155.4529

2022 Avg (December) 1000.6627

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1055.8795	983.4515	1014.7564
February	1003.9842	955.6217	969.6494
March	1010.0580	961.4089	983.7345
April	1064.7841	1000.8861	1034.7886
May	1070.2258	1042.2319	1053.3732
June	1121.2461	1046.9722	1088.3881
July	1143.2438	1099.0822	1119.8287
August	1120.4206	1086.3742	1101.5336
September	1089.0561	1029.6272	1046.8027
October	1082.1452	1025.4501	1060.7912
November	1146.9790	1072.5205	1109.9493
December	1177.5680	1132.3541	1155.4529