2024 DJF to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 DJF to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the DJF to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 26.5903. Conversely, the yearly low was recorded on April 3, dropping to 24.4719.
This high-to-low spread represents a total annual volatility of 2.1184 MGA. From a start-to-finish perspective, comparing the January average rate of 25.6524 to the December average rate of 26.4236, the exchange rate registered a net change of 3.01% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 26.5903 was up 2.45% compared to the 2023 peak of 25.9551, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 DJF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
DJF 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 25.1865, compared to 25.8272 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6407 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 0.9651 MGA (High: 25.4953 / Low: 24.5302). On the other end, February was the most stable month, with a tight range of 0.2085 MGA (High: 25.5917 / Low: 25.3832).
Growth Streaks & Declines
TrendsBetween 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 0.4085 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 26.4236) against the same month in 2023 (average: 25.7301), the exchange rate shifted by +0.6934 (+2.69%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.9851 | 25.4052 | 25.6524 |
| February | 25.5917 | 25.3832 | 25.5137 |
| March | 25.4953 | 24.5302 | 25.1314 |
| April | 24.9996 | 24.4719 | 24.7228 |
| May | 25.0847 | 24.8364 | 24.9463 |
| June | 25.4301 | 24.8828 | 25.1525 |
| July | 25.6843 | 25.0802 | 25.3357 |
| August | 25.9569 | 25.3665 | 25.7068 |
| September | 25.6687 | 25.3340 | 25.5319 |
| October | 26.0038 | 25.4817 | 25.8135 |
| November | 26.4451 | 25.8873 | 26.1517 |
| December | 26.5903 | 26.1655 | 26.4236 |