2024 BGN to MGA Historical Review

YEARLY HIGH

2618.6841 MGA

YEARLY LOW

2370.8652 MGA

YEARLY AVERAGE

2509.1903 MGA

2024 BGN to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on August 23, valuing the pair at 2618.6841. Conversely, the yearly low was recorded on April 16, dropping to 2370.8652.

This high-to-low spread represents a total annual volatility of 247.8189 MGA. From a start-to-finish perspective, comparing the January average rate of 2545.5592 to the December average rate of 2516.7003, the exchange rate registered a net change of -1.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2618.6841 was up 0.35% 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 BGN based on timing:

Yearly Peak High 13,093,421 MGA

2023 Average 12,311,627 MGA

Yearly Trough Low 11,854,326 MGA

Transaction Impact: A difference of 1,239,094.48 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2597.1132

2393.3729

JanuMarcMayJulySeptNove

BGN 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 2475.9471, compared to 2542.4335 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 66.4864 points.

H1 Avg (Jan–Jun) 2475.9471

H2 Avg (Jul–Dec) 2542.4335

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 118.3799 MGA (High: 2524.6659 / Low: 2406.2860). On the other end, February was the most stable month, with a tight range of 33.0678 MGA (High: 2524.1350 / Low: 2491.0672).

March Spread (Volatile) ±118.3799

February Spread (Stable) ±33.0678

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 72.6327 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -72.6327

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 2573.2836) against the same month in 2023 (average: 2510.7717), the exchange rate shifted by +62.5119 (+2.49%).

2024 Avg (August) 2573.2836

2023 Avg (August) 2510.7717

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2608.2680	2499.9405	2545.5592
February	2524.1350	2491.0672	2505.3629
March	2524.6659	2406.2860	2482.9839
April	2441.1411	2370.8652	2410.3513
May	2475.4243	2424.7837	2450.3993
June	2490.9082	2434.8027	2461.0258
July	2526.5686	2455.1805	2499.8201
August	2618.6841	2515.6049	2573.2836
September	2598.9155	2553.7081	2580.1349
October	2576.9064	2533.4267	2557.5647
November	2571.5411	2486.3080	2527.0972
December	2539.5775	2472.3113	2516.7003