2024 DZD to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 DZD to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the DZD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 35.3502. Conversely, the yearly low was recorded on April 3, dropping to 32.2753.
This high-to-low spread represents a total annual volatility of 3.0750 MGA. From a start-to-finish perspective, comparing the January average rate of 33.9254 to the December average rate of 34.9944, the exchange rate registered a net change of 3.15% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 35.3502 was up 2.75% compared to the 2023 peak of 34.4038, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 DZD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
DZD 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 33.2840, compared to 34.3500 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0660 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 1.1896 MGA (High: 33.5735 / Low: 32.3839). On the other end, February was the most stable month, with a tight range of 0.3069 MGA (High: 33.9070 / Low: 33.6001).
Growth Streaks & Declines
TrendsBetween April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.5413 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 34.9944) against the same month in 2023 (average: 34.0664), the exchange rate shifted by +0.9280 (+2.72%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 34.3713 | 33.5324 | 33.9254 |
| February | 33.9070 | 33.6001 | 33.7314 |
| March | 33.5735 | 32.3839 | 33.2015 |
| April | 33.1865 | 32.2753 | 32.6603 |
| May | 33.1330 | 32.7409 | 32.9521 |
| June | 33.6295 | 32.9793 | 33.2336 |
| July | 33.9009 | 33.1720 | 33.5176 |
| August | 34.3259 | 33.5485 | 34.0202 |
| September | 34.4519 | 34.0099 | 34.2889 |
| October | 34.6464 | 34.1635 | 34.4407 |
| November | 35.2103 | 34.3465 | 34.8384 |
| December | 35.3502 | 34.3770 | 34.9944 |