2024 BOB to MGA Historical Review

YEARLY HIGH

684.6039 MGA

YEARLY LOW

628.7678 MGA

YEARLY AVERAGE

656.1563 MGA

2024 BOB to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BOB to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 684.6039. Conversely, the yearly low was recorded on March 26, dropping to 628.7678.

This high-to-low spread represents a total annual volatility of 55.8361 MGA. From a start-to-finish perspective, comparing the January average rate of 660.5809 to the December average rate of 680.1273, 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 684.6039 was up 2.66% compared to the 2023 peak of 666.8441, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,423,020 MGA

2023 Average 3,221,690 MGA

Yearly Trough Low 3,143,839 MGA

Transaction Impact: A difference of 279,180.72 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

684.6224

630.6814

JanuMarcMayJulySeptNove

BOB 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 647.9499, compared to 664.3627 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 16.4128 points.

H1 Avg (Jan–Jun) 647.9499

H2 Avg (Jul–Dec) 664.3627

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 28.2227 MGA (High: 656.9905 / Low: 628.7678). On the other end, February was the most stable month, with a tight range of 5.2233 MGA (High: 659.2602 / Low: 654.0369).

March Spread (Volatile) ±28.2227

February Spread (Stable) ±5.2233

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 11.3751 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -11.3751

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 680.1273) against the same month in 2023 (average: 662.4126), the exchange rate shifted by +17.7147 (+2.67%).

2024 Avg (December) 680.1273

2023 Avg (December) 662.4126

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	666.8400	654.6385	660.5809
February	659.2602	654.0369	656.7584
March	656.9905	628.7678	646.5516
April	642.1271	629.6017	635.1765
May	644.1903	638.0417	641.4975
June	656.0202	641.5525	647.1346
July	660.5141	645.2399	652.1319
August	668.9282	653.7793	661.1804
September	660.4383	653.3044	657.0820
October	668.5558	656.6553	663.4749
November	678.8586	664.0039	672.1799
December	684.6039	673.3244	680.1273