2023 RON to MGA Historical Review

YEARLY HIGH

1029.3852 MGA

YEARLY LOW

918.3192 MGA

YEARLY AVERAGE

973.0209 MGA

2023 RON to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RON to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 1029.3852. Conversely, the yearly low was recorded on March 18, dropping to 918.3192.

This high-to-low spread represents a total annual volatility of 111.0660 MGA. From a start-to-finish perspective, comparing the January average rate of 962.8276 to the December average rate of 1006.8843, the exchange rate registered a net change of 4.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1029.3852 was up 6.14% compared to the 2022 peak of 969.8439, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,146,926 MGA

2022 Average 4,408,949 MGA

Yearly Trough Low 4,591,596 MGA

Transaction Impact: A difference of 555,330.18 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1014.1838

929.7476

JanuMarcMayJulySeptNove

RON 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 958.8882, compared to 987.1536 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 28.2654 points.

H1 Avg (Jan–Jun) 958.8882

H2 Avg (Jul–Dec) 987.1536

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 53.8329 MGA (High: 993.7189 / Low: 939.8860). On the other end, October was the most stable month, with a tight range of 18.7837 MGA (High: 973.0401 / Low: 954.2564).

January Spread (Volatile) ±53.8329

October Spread (Stable) ±18.7837

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 25.7602 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -25.7602

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1007.1475) against the same month in 2022 (average: 855.2942), the exchange rate shifted by +151.8532 (+17.75%).

2023 Avg (July) 1007.1475

2022 Avg (July) 855.2942

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	993.7189	939.8860	962.8276
February	961.8532	920.1368	937.0674
March	962.0876	918.3192	936.7840
April	986.7686	946.1828	972.0668
May	989.3174	950.7607	966.2559
June	1001.6808	950.5512	978.3278
July	1029.3852	994.6432	1007.1475
August	1004.2920	981.5560	993.6578
September	984.8902	958.9236	969.5071
October	973.0401	954.2564	963.0814
November	1001.7417	962.8297	982.6437
December	1024.4334	988.7937	1006.8843