2023 TRY to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TRY to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TRY to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 242.0532. Conversely, the yearly low was recorded on December 28, dropping to 155.1230.
This high-to-low spread represents a total annual volatility of 86.9302 MGA. From a start-to-finish perspective, comparing the January average rate of 234.2151 to the December average rate of 157.4737, the exchange rate registered a net change of -32.77% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 242.0532 was down 20.36% compared to the 2022 peak of 303.9236, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 TRY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
TRY 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 221.2548, compared to 163.6049 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 57.6498 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 37.4707 MGA (High: 210.9957 / Low: 173.5251). On the other end, February was the most stable month, with a tight range of 2.6186 MGA (High: 229.2862 / Low: 226.6676).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 33.1822 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 234.2151) against the same month in 2022 (average: 294.1792), the exchange rate shifted by -59.9642 (-20.38%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 242.0532 | 226.4714 | 234.2151 |
| February | 229.2862 | 226.6676 | 228.0268 |
| March | 229.7562 | 222.8195 | 226.8405 |
| April | 227.3008 | 223.8115 | 226.3157 |
| May | 226.1374 | 212.5897 | 222.6563 |
| June | 210.9957 | 173.5251 | 189.4742 |
| July | 175.8546 | 163.9027 | 170.0579 |
| August | 173.8275 | 164.3541 | 167.2655 |
| September | 169.0660 | 164.9576 | 166.9638 |
| October | 165.5421 | 159.9663 | 162.3687 |
| November | 159.8304 | 155.5823 | 157.5000 |
| December | 158.7733 | 155.1230 | 157.4737 |