2023 ZAR to MGA Historical Review

YEARLY HIGH

270.0990 MGA

YEARLY LOW

222.3390 MGA

YEARLY AVERAGE

241.3939 MGA

2023 ZAR to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 270.0990. Conversely, the yearly low was recorded on May 25, dropping to 222.3390.

This high-to-low spread represents a total annual volatility of 47.7600 MGA. From a start-to-finish perspective, comparing the January average rate of 257.6456 to the December average rate of 246.4587, the exchange rate registered a net change of -4.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 270.0990 was down 3.03% compared to the 2022 peak of 278.5245, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 13,504,949 MGA

2022 Average 12,642,557 MGA

Yearly Trough Low 11,116,949 MGA

Transaction Impact: A difference of 2,388,000.24 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

260.3516

227.8803

JanuMarcMayJulySeptNove

ZAR 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 240.6812, compared to 242.1067 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4255 points.

H1 Avg (Jan–Jun) 240.6812

H2 Avg (Jul–Dec) 242.1067

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 24.5636 MGA (High: 270.0990 / Low: 245.5353). On the other end, April was the most stable month, with a tight range of 8.3361 MGA (High: 244.5961 / Low: 236.2600).

January Spread (Volatile) ±24.5636

April Spread (Stable) ±8.3361

Growth Streaks & Declines

Trends

Between September and December, 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 January and February, when the average rate fell by 17.7603 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -17.7603

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 257.6456) against the same month in 2022 (average: 256.8127), the exchange rate shifted by +0.8329 (+0.32%).

2023 Avg (January) 257.6456

2022 Avg (January) 256.8127

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	270.0990	245.5353	257.6456
February	251.5316	233.1807	239.8853
March	243.2862	225.6353	235.9435
April	244.5961	236.2600	241.0081
May	240.9181	222.3390	230.5862
June	248.4193	223.9714	239.0184
July	255.0595	237.2124	247.2018
August	245.8125	234.2354	239.7076
September	241.2450	232.8807	237.7821
October	242.7963	231.8872	237.9295
November	248.3094	239.5005	243.5606
December	252.2703	240.1796	246.4587