2024 DOP to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 DOP to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the DOP to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 79.4520. Conversely, the yearly low was recorded on April 2, dropping to 73.3879.
This high-to-low spread represents a total annual volatility of 6.0641 MGA. From a start-to-finish perspective, comparing the January average rate of 77.8884 to the December average rate of 77.4321, the exchange rate registered a net change of -0.59% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 79.4520 was down 3.71% compared to the 2023 peak of 82.5093, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 DOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
DOP 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 76.1060, compared to 76.5105 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4044 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 3.3633 MGA (High: 77.0869 / Low: 73.7236). On the other end, February was the most stable month, with a tight range of 0.7883 MGA (High: 77.7603 / Low: 76.9720).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 1.6355 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 77.8884) against the same month in 2023 (average: 77.7348), the exchange rate shifted by +0.1536 (+0.20%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 79.4520 | 76.6846 | 77.8884 |
| February | 77.7603 | 76.9720 | 77.3436 |
| March | 77.0869 | 73.7236 | 75.7080 |
| April | 75.9367 | 73.3879 | 74.4055 |
| May | 76.6208 | 74.9367 | 75.8096 |
| June | 76.7138 | 74.7323 | 75.4811 |
| July | 77.1115 | 75.3796 | 76.1665 |
| August | 77.4412 | 75.4557 | 76.5998 |
| September | 76.4889 | 75.2105 | 75.7018 |
| October | 76.6135 | 75.2166 | 76.0914 |
| November | 77.7153 | 76.1214 | 77.0714 |
| December | 77.9351 | 76.4795 | 77.4321 |