2023 TWD to MGA Historical Review

YEARLY HIGH

150.4621 MGA

YEARLY LOW

138.3549 MGA

YEARLY AVERAGE

142.9075 MGA

2023 TWD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TWD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 150.4621. Conversely, the yearly low was recorded on March 18, dropping to 138.3549.

This high-to-low spread represents a total annual volatility of 12.1072 MGA. From a start-to-finish perspective, comparing the January average rate of 144.7252 to the December average rate of 146.8218, the exchange rate registered a net change of 1.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 150.4621 was up 2.98% compared to the 2022 peak of 146.1059, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 752,311 MGA

2022 Average 693,852 MGA

Yearly Trough Low 691,775 MGA

Transaction Impact: A difference of 60,535.86 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

147.4781

139.6028

JanuMarcMayJulySeptNove

TWD 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 143.2734, compared to 142.5417 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7317 points.

H1 Avg (Jan–Jun) 143.2734

H2 Avg (Jul–Dec) 142.5417

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 8.5338 MGA (High: 149.2805 / Low: 140.7467). On the other end, May was the most stable month, with a tight range of 2.0925 MGA (High: 144.2319 / Low: 142.1394).

January Spread (Volatile) ±8.5338

May Spread (Stable) ±2.0925

Growth Streaks & Declines

Trends

Between March and June, 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 July and August, when the average rate fell by 2.8241 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.8241

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 146.8218) against the same month in 2022 (average: 144.0383), the exchange rate shifted by +2.7835 (+1.93%).

2023 Avg (December) 146.8218

2022 Avg (December) 144.0383

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	149.2805	140.7467	144.7252
February	144.2699	139.7875	141.9836
March	143.7039	138.3549	141.0775
April	144.2856	141.5423	143.2513
May	144.2319	142.1394	143.3593
June	147.2525	143.6503	145.2434
July	146.3478	141.2333	144.3069
August	142.7900	139.7744	141.4828
September	141.6123	139.4520	140.8221
October	141.9430	139.3139	140.2591
November	144.9228	138.9857	141.5572
December	150.4621	143.8849	146.8218