2024 BHD to MGA Historical Review

YEARLY HIGH

12540.1568 MGA

YEARLY LOW

11534.4523 MGA

YEARLY AVERAGE

12035.5825 MGA

2024 BHD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BHD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 12540.1568. Conversely, the yearly low was recorded on April 3, dropping to 11534.4523.

This high-to-low spread represents a total annual volatility of 1005.7045 MGA. From a start-to-finish perspective, comparing the January average rate of 12108.5264 to the December average rate of 12467.2248, the exchange rate registered a net change of 2.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 12540.1568 was up 2.19% compared to the 2023 peak of 12271.5930, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 62,700,784 MGA

2023 Average 59,056,225 MGA

Yearly Trough Low 57,672,262 MGA

Transaction Impact: A difference of 5,028,522.53 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

12547.7893

11581.0155

JanuMarcMayJulySeptNove

BHD 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 11883.9009, compared to 12187.2640 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 303.3632 points.

H1 Avg (Jan–Jun) 11883.9009

H2 Avg (Jul–Dec) 12187.2640

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 434.9517 MGA (High: 12006.3786 / Low: 11571.4270). On the other end, February was the most stable month, with a tight range of 116.6637 MGA (High: 12105.8771 / Low: 11989.2135).

March Spread (Volatile) ±434.9517

February Spread (Stable) ±116.6637

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 March and April, when the average rate fell by 194.4194 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -194.4194

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 12467.2248) against the same month in 2023 (average: 12153.0677), the exchange rate shifted by +314.1571 (+2.59%).

2024 Avg (December) 12467.2248

2023 Avg (December) 12153.0677

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12228.0780	11984.4329	12108.5264
February	12105.8771	11989.2135	12045.3654
March	12006.3786	11571.4270	11855.9994
April	11823.3240	11534.4523	11661.5800
May	11826.8486	11707.5475	11763.8556
June	12011.9191	11777.3009	11868.0784
July	12114.2046	11834.6661	11955.5494
August	12227.7305	11976.4154	12121.8951
September	12127.1164	11996.6669	12057.1067
October	12259.1143	12046.5041	12180.5050
November	12452.5198	12214.5831	12341.3031
December	12540.1568	12345.6165	12467.2248