2024 AED to MGA Historical Review

YEARLY HIGH

1287.3667 MGA

YEARLY LOW

1183.8555 MGA

YEARLY AVERAGE

1234.8611 MGA

2024 AED to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AED to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 1287.3667. Conversely, the yearly low was recorded on April 3, dropping to 1183.8555.

This high-to-low spread represents a total annual volatility of 103.5113 MGA. From a start-to-finish perspective, comparing the January average rate of 1242.5777 to the December average rate of 1279.5134, the exchange rate registered a net change of 2.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1287.3667 was up 2.41% compared to the 2023 peak of 1257.0160, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,436,834 MGA

2023 Average 6,059,237 MGA

Yearly Trough Low 5,919,277 MGA

Transaction Impact: A difference of 517,556.28 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1287.7683

1188.7095

JanuMarcMayJulySeptNove

AED 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 1219.3869, compared to 1250.3353 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 30.9484 points.

H1 Avg (Jan–Jun) 1219.3869

H2 Avg (Jul–Dec) 1250.3353

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 44.3154 MGA (High: 1231.9630 / Low: 1187.6476). On the other end, February was the most stable month, with a tight range of 11.6168 MGA (High: 1241.7956 / Low: 1230.1788).

March Spread (Volatile) ±44.3154

February Spread (Stable) ±11.6168

Growth Streaks & Declines

Trends

Between April and August, 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 February and March, when the average rate fell by 19.6847 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -19.6847

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 1279.5134) against the same month in 2023 (average: 1247.7578), the exchange rate shifted by +31.7556 (+2.55%).

2024 Avg (December) 1279.5134

2023 Avg (December) 1247.7578

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1258.1356	1229.8155	1242.5777
February	1241.7956	1230.1788	1236.0385
March	1231.9630	1187.6476	1216.3538
April	1212.5466	1183.8555	1196.9644
May	1213.8288	1200.1810	1206.7904
June	1231.4784	1208.6342	1217.5966
July	1243.0298	1214.0282	1226.5801
August	1253.7435	1225.3507	1243.0190
September	1243.0592	1229.4406	1236.7725
October	1257.7991	1236.4508	1249.8598
November	1277.9750	1253.3196	1266.2671
December	1287.3667	1266.8055	1279.5134