2023 YER to MGA Historical Review

YEARLY HIGH

18.4770 MGA

YEARLY LOW

16.9326 MGA

YEARLY AVERAGE

17.7767 MGA

2023 YER to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the YER to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 18.4770. Conversely, the yearly low was recorded on March 18, dropping to 16.9326.

This high-to-low spread represents a total annual volatility of 1.5444 MGA. From a start-to-finish perspective, comparing the January average rate of 17.5719 to the December average rate of 18.3131, the exchange rate registered a net change of 4.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.4770 was up 3.23% compared to the 2022 peak of 17.8985, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 92,385 MGA

2022 Average 82,507 MGA

Yearly Trough Low 84,663 MGA

Transaction Impact: A difference of 7,721.83 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

18.4275

17.0549

JanuMarcMayJulySeptNove

YER 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 17.4848, compared to 18.0685 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5837 points.

H1 Avg (Jan–Jun) 17.4848

H2 Avg (Jul–Dec) 18.0685

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 1.1486 MGA (High: 18.1606 / Low: 17.0119). On the other end, May was the most stable month, with a tight range of 0.1433 MGA (High: 17.6273 / Low: 17.4840).

January Spread (Volatile) ±1.1486

May Spread (Stable) ±0.1433

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 0.4026 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.4026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 18.3131) against the same month in 2022 (average: 17.6625), the exchange rate shifted by +0.6506 (+3.68%).

2023 Avg (December) 18.3131

2022 Avg (December) 17.6625

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.1606	17.0119	17.5719
February	17.2572	17.0548	17.1692
March	17.4302	16.9326	17.2193
April	17.6364	17.2918	17.4873
May	17.6273	17.4840	17.5829
June	18.1455	17.5575	17.8783
July	18.1927	17.6675	17.9788
August	18.1131	17.7686	17.9844
September	18.2016	17.8714	18.0142
October	18.1731	18.0199	18.0873
November	18.1453	17.9179	18.0334
December	18.4770	17.9748	18.3131