2024 CVE to MGA Historical Review

YEARLY HIGH

46.2884 MGA

YEARLY LOW

42.0849 MGA

YEARLY AVERAGE

44.4687 MGA

2024 CVE to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 46.2884. Conversely, the yearly low was recorded on April 16, dropping to 42.0849.

This high-to-low spread represents a total annual volatility of 4.2035 MGA. From a start-to-finish perspective, comparing the January average rate of 45.1268 to the December average rate of 44.6581, the exchange rate registered a net change of -1.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 46.2884 was down 0.00% compared to the 2023 peak of 46.2885, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 231,442 MGA

2023 Average 218,051 MGA

Yearly Trough Low 210,425 MGA

Transaction Impact: A difference of 21,017.45 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

45.9992

42.5019

JanuMarcMayJulySeptNove

CVE 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 43.8825, compared to 45.0548 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1722 points.

H1 Avg (Jan–Jun) 43.8825

H2 Avg (Jul–Dec) 45.0548

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 2.1328 MGA (High: 44.7687 / Low: 42.6359). On the other end, February was the most stable month, with a tight range of 0.5398 MGA (High: 44.6507 / Low: 44.1108).

March Spread (Volatile) ±2.1328

February Spread (Stable) ±0.5398

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 1.1983 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -1.1983

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 45.1268) against the same month in 2023 (average: 42.9163), the exchange rate shifted by +2.2105 (+5.15%).

2024 Avg (January) 45.1268

2023 Avg (January) 42.9163

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	46.2884	44.4082	45.1268
February	44.6507	44.1108	44.3899
March	44.7687	42.6359	43.9916
April	43.3544	42.0849	42.7933
May	43.8996	42.8468	43.3876
June	44.1189	43.1868	43.6060
July	44.8549	43.3999	44.3011
August	46.2031	44.5149	45.5127
September	45.9387	45.3284	45.7078
October	45.7389	44.9879	45.3207
November	45.5846	44.0616	44.8283
December	45.0008	44.2478	44.6581