2023 XCD to MGA Historical Review

YEARLY HIGH

1708.2798 MGA

YEARLY LOW

1568.2325 MGA

YEARLY AVERAGE

1646.5362 MGA

2023 XCD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the XCD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 1708.2798. Conversely, the yearly low was recorded on March 18, dropping to 1568.2325.

This high-to-low spread represents a total annual volatility of 140.0473 MGA. From a start-to-finish perspective, comparing the January average rate of 1627.6068 to the December average rate of 1695.5957, the exchange rate registered a net change of 4.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1708.2798 was up 3.05% compared to the 2022 peak of 1657.6937, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,541,399 MGA

2022 Average 7,640,303 MGA

Yearly Trough Low 7,841,163 MGA

Transaction Impact: A difference of 700,236.60 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1706.1154

1579.8795

JanuMarcMayJulySeptNove

XCD 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 1619.5610, compared to 1673.5113 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 53.9503 points.

H1 Avg (Jan–Jun) 1619.5610

H2 Avg (Jul–Dec) 1673.5113

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 105.9116 MGA (High: 1681.9643 / Low: 1576.0527). On the other end, May was the most stable month, with a tight range of 13.2749 MGA (High: 1632.9023 / Low: 1619.6274).

January Spread (Volatile) ±105.9116

May Spread (Stable) ±13.2749

Growth Streaks & Declines

Trends

Between February and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 37.2076 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -37.2076

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1695.5957) against the same month in 2022 (average: 1635.8757), the exchange rate shifted by +59.7200 (+3.65%).

2023 Avg (December) 1695.5957

2022 Avg (December) 1635.8757

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1681.9643	1576.0527	1627.6068
February	1598.6117	1580.1778	1590.3992
March	1613.9740	1568.2325	1594.8133
April	1634.0676	1601.8205	1619.8379
May	1632.9023	1619.6274	1628.6339
June	1680.8996	1626.4370	1656.0751
July	1685.2756	1636.3004	1665.2831
August	1677.2857	1645.9869	1665.7024
September	1686.4331	1655.8436	1668.6748
October	1683.7934	1668.9372	1675.4307
November	1680.5525	1659.4923	1670.3811
December	1708.2798	1665.0941	1695.5957