2023 TOP to MGA Historical Review

YEARLY HIGH

1980.8831 MGA

YEARLY LOW

1795.8093 MGA

YEARLY AVERAGE

1883.9275 MGA

2023 TOP to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 1980.8831. Conversely, the yearly low was recorded on March 18, dropping to 1795.8093.

This high-to-low spread represents a total annual volatility of 185.0738 MGA. From a start-to-finish perspective, comparing the January average rate of 1888.0574 to the December average rate of 1950.1451, the exchange rate registered a net change of 3.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1980.8831 was up 3.52% compared to the 2022 peak of 1913.4955, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,904,416 MGA

2022 Average 8,858,583 MGA

Yearly Trough Low 8,979,047 MGA

Transaction Impact: A difference of 925,369.08 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1962.4190

1815.1314

JanuMarcMayJulySeptNove

TOP 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 1863.1182, compared to 1904.7367 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 41.6185 points.

H1 Avg (Jan–Jun) 1863.1182

H2 Avg (Jul–Dec) 1904.7367

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 116.3093 MGA (High: 1950.2166 / Low: 1833.9073). On the other end, May was the most stable month, with a tight range of 29.6823 MGA (High: 1881.0621 / Low: 1851.3798).

January Spread (Volatile) ±116.3093

May Spread (Stable) ±29.6823

Growth Streaks & Declines

Trends

Between March and July, 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 48.9850 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -48.9850

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1950.1451) against the same month in 2022 (average: 1884.0570), the exchange rate shifted by +66.0880 (+3.51%).

2023 Avg (December) 1950.1451

2022 Avg (December) 1884.0570

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1950.2166	1833.9073	1888.0574
February	1864.3994	1816.0506	1839.0724
March	1853.4387	1795.8093	1827.4053
April	1873.5210	1841.6245	1860.2131
May	1881.0621	1851.3798	1865.8646
June	1935.2308	1845.7543	1898.0963
July	1941.0492	1881.9244	1916.6287
August	1917.0519	1867.7546	1892.8455
September	1907.4624	1866.1283	1886.0205
October	1907.0508	1877.0494	1888.7686
November	1925.6008	1874.7310	1894.0120
December	1980.8831	1908.2934	1950.1451