2023 SEK to MGA Historical Review

YEARLY HIGH

461.7156 MGA

YEARLY LOW

398.3309 MGA

YEARLY AVERAGE

419.5603 MGA

2023 SEK to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SEK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 461.7156. Conversely, the yearly low was recorded on March 18, dropping to 398.3309.

This high-to-low spread represents a total annual volatility of 63.3847 MGA. From a start-to-finish perspective, comparing the January average rate of 423.2931 to the December average rate of 447.5243, the exchange rate registered a net change of 5.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 461.7156 was up 3.71% compared to the 2022 peak of 445.1991, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,308,578 MGA

2022 Average 2,045,079 MGA

Yearly Trough Low 1,991,654 MGA

Transaction Impact: A difference of 316,923.40 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

451.6183

402.4899

JanuMarcMayJulySeptNove

SEK 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 417.2846, compared to 421.8359 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.5513 points.

H1 Avg (Jan–Jun) 417.2846

H2 Avg (Jul–Dec) 421.8359

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 32.4907 MGA (High: 438.1808 / Low: 405.6901). On the other end, February was the most stable month, with a tight range of 12.6801 MGA (High: 416.6833 / Low: 404.0032).

November Spread (Volatile) ±32.4907

February Spread (Stable) ±12.6801

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 12.2217 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -12.2217

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 447.5243) against the same month in 2022 (average: 425.3592), the exchange rate shifted by +22.1651 (+5.21%).

2023 Avg (December) 447.5243

2022 Avg (December) 425.3592

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	436.1378	410.4418	423.2931
February	416.6833	404.0032	411.0714
March	422.6891	398.3309	410.1912
April	430.1945	414.3465	423.1019
May	434.8574	405.4384	420.1367
June	424.9999	405.8210	415.9135
July	443.6944	414.6862	427.6395
August	426.4443	407.2179	415.5634
September	417.3767	401.8944	406.5839
October	418.2103	403.0006	410.7320
November	438.1808	405.6901	422.9722
December	461.7156	431.3739	447.5243