2023 VND to MGA Historical Review

YEARLY HIGH

0.1939 MGA

YEARLY LOW

0.1796 MGA

YEARLY AVERAGE

0.1867 MGA

2023 VND to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the VND to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 0.1939. Conversely, the yearly low was recorded on February 19, dropping to 0.1796.

This high-to-low spread represents a total annual volatility of 0.0143 MGA. From a start-to-finish perspective, comparing the January average rate of 0.1874 to the December average rate of 0.1887, the exchange rate registered a net change of 0.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1939 was up 2.30% compared to the 2022 peak of 0.1895, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 10,000,000 VND based on timing:

Yearly Peak High 1,938,695 MGA

2022 Average 1,764,176 MGA

Yearly Trough Low 1,795,806 MGA

Transaction Impact: A difference of 142,888.60 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1912

0.1809

JanuMarcMayJulySeptNove

VND 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 0.1860, compared to 0.1874 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.1860

H2 Avg (Jul–Dec) 0.1874

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0122 MGA (High: 0.1939 / Low: 0.1816). On the other end, May was the most stable month, with a tight range of 0.0015 MGA (High: 0.1882 / Low: 0.1867).

January Spread (Volatile) ±0.0122

May Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

Between February and June, 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 0.0057 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0057

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1874) against the same month in 2022 (average: 0.1753), the exchange rate shifted by +0.0121 (+6.92%).

2023 Avg (January) 0.1874

2022 Avg (January) 0.1753

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1939	0.1816	0.1874
February	0.1838	0.1796	0.1818
March	0.1856	0.1796	0.1826
April	0.1883	0.1843	0.1865
May	0.1882	0.1867	0.1876
June	0.1930	0.1871	0.1903
July	0.1924	0.1868	0.1902
August	0.1904	0.1868	0.1886
September	0.1877	0.1846	0.1862
October	0.1872	0.1839	0.1849
November	0.1873	0.1831	0.1855
December	0.1904	0.1852	0.1887