2024 CAD to MGA Historical Review

YEARLY HIGH

3488.9422 MGA

YEARLY LOW

3158.1232 MGA

YEARLY AVERAGE

3310.0865 MGA

2024 CAD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CAD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 3488.9422. Conversely, the yearly low was recorded on April 16, dropping to 3158.1232.

This high-to-low spread represents a total annual volatility of 330.8190 MGA. From a start-to-finish perspective, comparing the January average rate of 3401.4216 to the December average rate of 3295.5586, the exchange rate registered a net change of -3.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 3488.9422 was up 0.18% compared to the 2023 peak of 3482.7081, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 17,444,711 MGA

2023 Average 16,486,727 MGA

Yearly Trough Low 15,790,616 MGA

Transaction Impact: A difference of 1,654,094.76 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3420.2290

3194.5398

JanuMarcMayJulySeptNove

CAD 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 3297.3773, compared to 3322.7958 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 25.4185 points.

H1 Avg (Jan–Jun) 3297.3773

H2 Avg (Jul–Dec) 3322.7958

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 139.0809 MGA (High: 3399.6040 / Low: 3260.5231). On the other end, May was the most stable month, with a tight range of 45.9291 MGA (High: 3266.7445 / Low: 3220.8154).

August Spread (Volatile) ±139.0809

May Spread (Stable) ±45.9291

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 85.7908 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -85.7908

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 3401.4216) against the same month in 2023 (average: 3277.5108), the exchange rate shifted by +123.9108 (+3.78%).

2024 Avg (January) 3401.4216

2023 Avg (January) 3277.5108

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3488.9422	3360.2076	3401.4216
February	3391.9326	3327.8097	3364.2548
March	3349.3001	3210.8058	3299.1380
April	3261.0513	3158.1232	3213.3472
May	3266.7445	3220.8154	3243.0723
June	3301.4399	3228.7802	3263.0299
July	3303.9339	3255.3694	3284.8053
August	3399.6040	3260.5231	3340.9352
September	3384.1487	3324.4196	3352.9570
October	3380.7807	3309.0717	3336.3306
November	3349.4687	3296.3063	3326.1881
December	3346.8759	3217.3169	3295.5586