2024 BMD to MGA Historical Review

YEARLY HIGH

4728.5044 MGA

YEARLY LOW

4347.7388 MGA

YEARLY AVERAGE

4535.5410 MGA

2024 BMD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BMD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 4728.5044. Conversely, the yearly low was recorded on April 3, dropping to 4347.7388.

This high-to-low spread represents a total annual volatility of 380.7656 MGA. From a start-to-finish perspective, comparing the January average rate of 4563.8607 to the December average rate of 4699.6483, 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 4728.5044 was up 2.42% compared to the 2023 peak of 4616.7116, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 23,642,522 MGA

2023 Average 22,254,399 MGA

Yearly Trough Low 21,738,694 MGA

Transaction Impact: A difference of 1,903,828.05 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

4730.0201

4365.5590

JanuMarcMayJulySeptNove

BMD 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 4478.6109, compared to 4592.4710 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 113.8601 points.

H1 Avg (Jan–Jun) 4478.6109

H2 Avg (Jul–Dec) 4592.4710

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 163.6019 MGA (High: 4525.0000 / Low: 4361.3981). On the other end, February was the most stable month, with a tight range of 42.5914 MGA (High: 4561.0382 / Low: 4518.4468).

March Spread (Volatile) ±163.6019

February Spread (Stable) ±42.5914

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 72.6593 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -72.6593

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 4699.6483) against the same month in 2023 (average: 4582.4322), the exchange rate shifted by +117.2161 (+2.56%).

2024 Avg (December) 4699.6483

2023 Avg (December) 4582.4322

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4620.8806	4517.1125	4563.8607
February	4561.0382	4518.4468	4539.9130
March	4525.0000	4361.3981	4467.2537
April	4453.5624	4347.7388	4395.9308
May	4458.2961	4408.2648	4432.4915
June	4523.2203	4439.3132	4472.2157
July	4565.6983	4459.0892	4505.2302
August	4605.0000	4500.7129	4565.5747
September	4565.6531	4515.7254	4542.6450
October	4619.8963	4541.4839	4590.7395
November	4694.0022	4603.4443	4650.9883
December	4728.5044	4652.9641	4699.6483