2024 AUD to MGA Historical Review

YEARLY HIGH

3146.3564 MGA

YEARLY LOW

2799.0243 MGA

YEARLY AVERAGE

2992.1076 MGA

2024 AUD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AUD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 3146.3564. Conversely, the yearly low was recorded on April 16, dropping to 2799.0243.

This high-to-low spread represents a total annual volatility of 347.3321 MGA. From a start-to-finish perspective, comparing the January average rate of 3032.7004 to the December average rate of 2972.5437, the exchange rate registered a net change of -1.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 3146.3564 was down 0.16% compared to the 2023 peak of 3151.2925, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,731,782 MGA

2023 Average 14,784,098 MGA

Yearly Trough Low 13,995,121 MGA

Transaction Impact: A difference of 1,736,660.61 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3099.7182

2838.5138

JanuMarcMayJulySeptNove

AUD 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 2949.1549, compared to 3035.0603 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 85.9054 points.

H1 Avg (Jan–Jun) 2949.1549

H2 Avg (Jul–Dec) 3035.0603

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 181.8213 MGA (High: 3146.3564 / Low: 2964.5351). On the other end, February was the most stable month, with a tight range of 50.4234 MGA (High: 2984.7999 / Low: 2934.3765).

January Spread (Volatile) ±181.8213

February Spread (Stable) ±50.4234

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 69.5918 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -69.5918

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 3032.7004) against the same month in 2023 (average: 3060.3722), the exchange rate shifted by -27.6718 (-0.90%).

2024 Avg (January) 3032.7004

2023 Avg (January) 3060.3722

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3146.3564	2964.5351	3032.7004
February	2984.7999	2934.3765	2963.1109
March	2996.3791	2843.8175	2929.8727
April	2913.7517	2799.0243	2860.2809
May	2977.3633	2902.3240	2938.4840
June	3005.0095	2934.8609	2970.4807
July	3044.4246	2971.8268	3007.5222
August	3116.3391	2941.1767	3038.2633
September	3145.1952	3027.3209	3076.4237
October	3136.1090	3028.0301	3077.9512
November	3078.7895	3007.9944	3037.6576
December	3047.6238	2887.1401	2972.5437