2024 BAM to MGA Historical Review

YEARLY HIGH

2610.3129 MGA

YEARLY LOW

2372.6849 MGA

YEARLY AVERAGE

2509.5424 MGA

2024 BAM to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BAM to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on August 26, valuing the pair at 2610.3129. Conversely, the yearly low was recorded on April 16, dropping to 2372.6849.

This high-to-low spread represents a total annual volatility of 237.6279 MGA. From a start-to-finish perspective, comparing the January average rate of 2546.9342 to the December average rate of 2518.2972, the exchange rate registered a net change of -1.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2610.3129 was up 0.02% compared to the 2023 peak of 2609.6769, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,051,564 MGA

2023 Average 12,311,770 MGA

Yearly Trough Low 11,863,425 MGA

Transaction Impact: A difference of 1,188,139.66 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2597.6093

2395.5851

JanuMarcMayJulySeptNove

BAM 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 2476.5132, compared to 2542.5716 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 66.0584 points.

H1 Avg (Jan–Jun) 2476.5132

H2 Avg (Jul–Dec) 2542.5716

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 114.7476 MGA (High: 2523.9905 / Low: 2409.2429). On the other end, September was the most stable month, with a tight range of 35.1585 MGA (High: 2598.1277 / Low: 2562.9692).

March Spread (Volatile) ±114.7476

September Spread (Stable) ±35.1585

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 70.3081 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -70.3081

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 2569.9647) against the same month in 2023 (average: 2511.9480), the exchange rate shifted by +58.0168 (+2.31%).

2024 Avg (August) 2569.9647

2023 Avg (August) 2511.9480

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2609.6703	2505.1208	2546.9342
February	2532.2865	2489.7999	2506.5656
March	2523.9905	2409.2429	2482.7286
April	2441.4591	2372.6849	2412.4205
May	2474.9956	2424.7387	2449.2665
June	2491.2051	2432.1717	2461.1638
July	2528.8521	2456.7092	2499.5825
August	2610.3129	2516.6864	2569.9647
September	2598.1277	2562.9692	2580.7740
October	2578.6064	2542.1192	2557.9426
November	2573.1893	2486.3509	2528.8684
December	2537.1278	2494.4318	2518.2972