2024 BBD to MGA Historical Review

YEARLY HIGH

2364.2522 MGA

YEARLY LOW

2173.8694 MGA

YEARLY AVERAGE

2267.7705 MGA

2024 BBD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BBD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 2364.2522. Conversely, the yearly low was recorded on April 3, dropping to 2173.8694.

This high-to-low spread represents a total annual volatility of 190.3828 MGA. From a start-to-finish perspective, comparing the January average rate of 2281.9303 to the December average rate of 2349.8242, the exchange rate registered a net change of 2.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2364.2522 was up 2.42% compared to the 2023 peak of 2308.3558, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,821,261 MGA

2023 Average 11,127,200 MGA

Yearly Trough Low 10,869,347 MGA

Transaction Impact: A difference of 951,914.02 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2365.0100

2182.7795

JanuMarcMayJulySeptNove

BBD 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 2239.3054, compared to 2296.2355 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 56.9301 points.

H1 Avg (Jan–Jun) 2239.3054

H2 Avg (Jul–Dec) 2296.2355

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 81.8009 MGA (High: 2262.5000 / Low: 2180.6991). On the other end, February was the most stable month, with a tight range of 21.2957 MGA (High: 2280.5191 / Low: 2259.2234).

March Spread (Volatile) ±81.8009

February Spread (Stable) ±21.2957

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 36.3296 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -36.3296

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 2349.8242) against the same month in 2023 (average: 2291.2161), the exchange rate shifted by +58.6080 (+2.56%).

2024 Avg (December) 2349.8242

2023 Avg (December) 2291.2161

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2310.4403	2258.5563	2281.9303
February	2280.5191	2259.2234	2269.9565
March	2262.5000	2180.6991	2233.6268
April	2226.7812	2173.8694	2197.9654
May	2229.1481	2204.1324	2216.2458
June	2261.6101	2219.6566	2236.1079
July	2282.8492	2229.5446	2252.6151
August	2302.5000	2250.3565	2282.7874
September	2282.8266	2257.8627	2271.3225
October	2309.9481	2270.7419	2295.3698
November	2347.0011	2301.7221	2325.4942
December	2364.2522	2326.4820	2349.8242