2023 THB to MGA Historical Review

YEARLY HIGH

137.2456 MGA

YEARLY LOW

121.6231 MGA

YEARLY AVERAGE

128.0357 MGA

2023 THB to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the THB to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 137.2456. Conversely, the yearly low was recorded on February 28, dropping to 121.6231.

This high-to-low spread represents a total annual volatility of 15.6225 MGA. From a start-to-finish perspective, comparing the January average rate of 132.4617 to the December average rate of 131.3045, the exchange rate registered a net change of -0.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 137.2456 was up 5.78% compared to the 2022 peak of 129.7409, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 THB based on timing:

Yearly Peak High 34,311,393 MGA

2022 Average 29,503,805 MGA

Yearly Trough Low 30,405,770 MGA

Transaction Impact: A difference of 3,905,623.01 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

133.2971

123.2723

JanuMarcMayJulySeptNove

THB 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 128.1961, compared to 127.8753 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3209 points.

H1 Avg (Jan–Jun) 128.1961

H2 Avg (Jul–Dec) 127.8753

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 9.3406 MGA (High: 130.9637 / Low: 121.6231). On the other end, July was the most stable month, with a tight range of 3.6224 MGA (High: 131.5302 / Low: 127.9078).

February Spread (Volatile) ±9.3406

July Spread (Stable) ±3.6224

Growth Streaks & Declines

Trends

Between March and May, 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 6.2669 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -6.2669

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 132.4617) against the same month in 2022 (average: 119.7838), the exchange rate shifted by +12.6779 (+10.58%).

2023 Avg (January) 132.4617

2022 Avg (January) 119.7838

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	137.2456	129.2317	132.4617
February	130.9637	121.6231	126.1948
March	128.1012	122.7705	125.2529
April	129.9676	126.3288	128.0945
May	131.5593	126.6129	128.8009
June	130.4886	126.6963	128.3720
July	131.5302	127.9078	129.9872
August	131.0613	125.9761	128.4702
September	128.8537	123.7518	125.9536
October	126.0134	122.1883	124.1077
November	130.3604	125.2586	127.4286
December	134.7507	128.5368	131.3045