2023 SRD to MGA Historical Review

YEARLY HIGH

143.7296 MGA

YEARLY LOW

115.0696 MGA

YEARLY AVERAGE

121.9719 MGA

2023 SRD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SRD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 143.7296. Conversely, the yearly low was recorded on July 24, dropping to 115.0696.

This high-to-low spread represents a total annual volatility of 28.6600 MGA. From a start-to-finish perspective, comparing the January average rate of 138.2832 to the December average rate of 122.6580, the exchange rate registered a net change of -11.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 143.7296 was down 26.85% compared to the 2022 peak of 196.4979, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 718,648 MGA

2022 Average 868,753 MGA

Yearly Trough Low 575,348 MGA

Transaction Impact: A difference of 143,299.86 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

140.3494

115.5554

JanuMarcMayJulySeptNove

SRD 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 124.9364, compared to 119.0074 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.9290 points.

H1 Avg (Jan–Jun) 124.9364

H2 Avg (Jul–Dec) 119.0074

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 11.9947 MGA (High: 143.7296 / Low: 131.7349). On the other end, October was the most stable month, with a tight range of 1.6789 MGA (High: 119.4918 / Low: 117.8129).

January Spread (Volatile) ±11.9947

October Spread (Stable) ±1.6789

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 7.2329 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -7.2329

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 138.2832) against the same month in 2022 (average: 188.1265), the exchange rate shifted by -49.8433 (-26.49%).

2023 Avg (January) 138.2832

2022 Avg (January) 188.1265

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	143.7296	131.7349	138.2832
February	133.9063	126.6988	131.0503
March	129.0197	119.9252	124.6522
April	121.2637	116.7250	119.0469
May	118.5616	116.2517	117.8702
June	120.6228	116.1977	118.7155
July	122.9192	115.0696	118.4785
August	118.7102	115.8975	117.6215
September	118.9293	116.3032	117.7482
October	119.4918	117.8129	118.6907
November	120.0195	117.7864	118.8473
December	125.6402	118.9988	122.6580