2024 CNY to MGA Historical Review

YEARLY HIGH

654.1990 MGA

YEARLY LOW

600.8982 MGA

YEARLY AVERAGE

631.9685 MGA

2024 CNY to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CNY to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on October 6, valuing the pair at 654.1990. Conversely, the yearly low was recorded on April 3, dropping to 600.8982.

This high-to-low spread represents a total annual volatility of 53.3008 MGA. From a start-to-finish perspective, comparing the January average rate of 641.8460 to the December average rate of 645.4248, the exchange rate registered a net change of 0.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 654.1990 was down 2.56% compared to the 2023 peak of 671.3821, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 16,354,975 MGA

2023 Average 15,733,207 MGA

Yearly Trough Low 15,022,455 MGA

Transaction Impact: A difference of 1,332,520.30 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

651.4798

604.2141

JanuMarcMayJulySeptNove

CNY 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 623.8861, compared to 640.0509 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 16.1648 points.

H1 Avg (Jan–Jun) 623.8861

H2 Avg (Jul–Dec) 640.0509

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 26.3254 MGA (High: 630.4207 / Low: 604.0953). On the other end, October was the most stable month, with a tight range of 10.5999 MGA (High: 654.1990 / Low: 643.5991).

March Spread (Volatile) ±26.3254

October Spread (Stable) ±10.5999

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 13.5342 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -13.5342

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 647.5410) against the same month in 2023 (average: 622.4552), the exchange rate shifted by +25.0858 (+4.03%).

2024 Avg (October) 647.5410

2023 Avg (October) 622.4552

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	652.7958	632.9883	641.8460
February	640.3614	627.8237	634.2802
March	630.4207	604.0953	620.7460
April	621.1645	600.8982	608.1529
May	627.0635	610.2925	618.5299
June	632.8226	612.1055	619.7616
July	631.6695	613.7454	620.8500
August	646.2084	628.1525	638.8973
September	649.0580	637.0039	642.1397
October	654.1990	643.5991	647.5410
November	650.0127	638.5937	645.4528
December	650.4319	638.5820	645.4248