2022 SGD to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 SGD to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the SGD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 3341.8222. Conversely, the yearly low was recorded on May 14, dropping to 2870.9235.
This high-to-low spread represents a total annual volatility of 470.8987 MGA. From a start-to-finish perspective, comparing the January average rate of 2946.5216 to the December average rate of 3269.6348, the exchange rate registered a net change of 10.97% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 3341.8222 was up 12.34% compared to the 2021 peak of 2974.6929, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2022.
SGD to MGA Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 2940.1156, compared to 3050.8869 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 110.7712 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was November, with a trading range of 201.6604 MGA (High: 3208.3245 / Low: 3006.6641). On the other end, June was the most stable month, with a tight range of 54.2665 MGA (High: 2947.0428 / Low: 2892.7763).
Growth Streaks & Declines
TrendsBetween May and August, 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 August and September, when the average rate fell by 58.0140 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 3269.6348) against the same month in 2021 (average: 2909.8528), the exchange rate shifted by +359.7820 (+12.36%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2978.2377 | 2914.5642 | 2946.5216 |
| February | 2979.7732 | 2916.7540 | 2959.5321 |
| March | 2986.8014 | 2927.8216 | 2959.3288 |
| April | 2983.0192 | 2891.8345 | 2944.1576 |
| May | 2956.4502 | 2870.9235 | 2906.1127 |
| June | 2947.0428 | 2892.7763 | 2925.0411 |
| July | 3053.9769 | 2906.6305 | 2971.0018 |
| August | 3070.6290 | 2948.3474 | 3015.9005 |
| September | 2999.2164 | 2900.0402 | 2957.8865 |
| October | 3027.7040 | 2923.1701 | 2979.9990 |
| November | 3208.3245 | 3006.6641 | 3110.8988 |
| December | 3341.8222 | 3218.4217 | 3269.6348 |