2024 BND to MGA Historical Review

YEARLY HIGH

3548.2696 MGA

YEARLY LOW

3199.6798 MGA

YEARLY AVERAGE

3395.3192 MGA

2024 BND to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BND to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 3548.2696. Conversely, the yearly low was recorded on April 16, dropping to 3199.6798.

This high-to-low spread represents a total annual volatility of 348.5898 MGA. From a start-to-finish perspective, comparing the January average rate of 3418.6530 to the December average rate of 3481.2790, the exchange rate registered a net change of 1.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 3548.2696 was up 1.60% compared to the 2023 peak of 3492.5452, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 17,741,348 MGA

2023 Average 16,576,498 MGA

Yearly Trough Low 15,998,399 MGA

Transaction Impact: A difference of 1,742,949.16 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3530.2598

3215.2414

JanuMarcMayJulySeptNove

BND 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 3326.2098, compared to 3464.4287 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 138.2189 points.

H1 Avg (Jan–Jun) 3326.2098

H2 Avg (Jul–Dec) 3464.4287

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 152.6032 MGA (High: 3390.8653 / Low: 3238.2621). On the other end, February was the most stable month, with a tight range of 34.9479 MGA (High: 3397.3953 / Low: 3362.4474).

March Spread (Volatile) ±152.6032

February Spread (Stable) ±34.9479

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 91.1399 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -91.1399

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 3504.0083) against the same month in 2023 (average: 3310.2785), the exchange rate shifted by +193.7298 (+5.85%).

2024 Avg (September) 3504.0083

2023 Avg (September) 3310.2785

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3492.5364	3373.3595	3418.6530
February	3397.3953	3362.4474	3376.2943
March	3390.8653	3238.2621	3332.6329
April	3269.8813	3199.6798	3241.4930
May	3301.5172	3256.6285	3280.2983
June	3341.8802	3286.2794	3307.8873
July	3396.9302	3295.9012	3346.5642
August	3515.7499	3410.8060	3470.3247
September	3548.2696	3476.1820	3504.0083
October	3536.4147	3477.8569	3503.7234
November	3508.7295	3457.3138	3480.6725
December	3514.7554	3444.5198	3481.2790