2024 BRL to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BRL to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BRL to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 951.9934. Conversely, the yearly low was recorded on December 25, dropping to 699.3241.
This high-to-low spread represents a total annual volatility of 252.6693 MGA. From a start-to-finish perspective, comparing the January average rate of 929.8140 to the December average rate of 767.9549, the exchange rate registered a net change of -17.41% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 951.9934 was down 0.02% compared to the 2023 peak of 952.2128, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 BRL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BRL to MGA Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 881.6820, compared to 806.8885 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 74.7936 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 88.9986 MGA (High: 788.3227 / Low: 699.3241). On the other end, February was the most stable month, with a tight range of 15.9835 MGA (High: 923.4399 / Low: 907.4564).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 38.7165 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 929.8140) against the same month in 2023 (average: 847.9997), the exchange rate shifted by +81.8143 (+9.65%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 951.9934 | 911.9032 | 929.8140 |
| February | 923.4399 | 907.4564 | 914.4524 |
| March | 913.2743 | 869.8264 | 896.3554 |
| April | 871.1708 | 825.6100 | 857.6389 |
| May | 875.3080 | 846.3753 | 862.8946 |
| June | 849.9429 | 800.0484 | 828.9369 |
| July | 830.7690 | 789.6880 | 813.2710 |
| August | 843.3998 | 790.1990 | 822.0985 |
| September | 837.5200 | 800.1176 | 820.0853 |
| October | 841.5806 | 796.3001 | 816.7137 |
| November | 813.7383 | 776.1044 | 801.2075 |
| December | 788.3227 | 699.3241 | 767.9549 |