2023 QAR to MGA Historical Review

YEARLY HIGH

1265.4013 MGA

YEARLY LOW

1167.8983 MGA

YEARLY AVERAGE

1221.3813 MGA

2023 QAR to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 1265.4013. Conversely, the yearly low was recorded on January 24, dropping to 1167.8983.

This high-to-low spread represents a total annual volatility of 97.5030 MGA. From a start-to-finish perspective, comparing the January average rate of 1207.1239 to the December average rate of 1257.3093, the exchange rate registered a net change of 4.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1265.4013 was up 2.84% compared to the 2022 peak of 1230.5157, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,327,006 MGA

2022 Average 5,666,788 MGA

Yearly Trough Low 5,839,491 MGA

Transaction Impact: A difference of 487,514.87 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1265.1847

1170.6798

JanuMarcMayJulySeptNove

QAR 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 1201.0121, compared to 1241.7504 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 40.7383 points.

H1 Avg (Jan–Jun) 1201.0121

H2 Avg (Jul–Dec) 1241.7504

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 80.5479 MGA (High: 1248.4462 / Low: 1167.8983). On the other end, May was the most stable month, with a tight range of 9.5509 MGA (High: 1211.8923 / Low: 1202.3414).

January Spread (Volatile) ±80.5479

May Spread (Stable) ±9.5509

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 28.5687 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -28.5687

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1257.3093) against the same month in 2022 (average: 1212.6390), the exchange rate shifted by +44.6703 (+3.68%).

2023 Avg (December) 1257.3093

2022 Avg (December) 1212.6390

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1248.4462	1167.8983	1207.1239
February	1190.6487	1169.1277	1178.5552
March	1192.8020	1168.2454	1181.8742
April	1226.7194	1178.5183	1200.9122
May	1211.8923	1202.3414	1208.8155
June	1247.4644	1205.9080	1228.7919
July	1250.9041	1214.5980	1236.2676
August	1243.6465	1220.4721	1235.3204
September	1251.7632	1228.8460	1238.2754
October	1248.8866	1236.2103	1242.9091
November	1247.5704	1231.8508	1240.4207
December	1265.4013	1234.0025	1257.3093