2024 EGP to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 EGP to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the EGP to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 149.6898. Conversely, the yearly low was recorded on April 16, dropping to 90.0006.
This high-to-low spread represents a total annual volatility of 59.6892 MGA. From a start-to-finish perspective, comparing the January average rate of 147.7493 to the December average rate of 92.9457, the exchange rate registered a net change of -37.09% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 149.6898 was down 17.17% compared to the 2023 peak of 180.7089, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EGP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
EGP 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 112.6316, compared to 93.7144 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 18.9171 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 55.7546 MGA (High: 146.5962 / Low: 90.8416). On the other end, October was the most stable month, with a tight range of 1.0208 MGA (High: 94.9511 / Low: 93.9303).
Growth Streaks & Declines
TrendsBetween August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 45.1692 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 147.7493) against the same month in 2023 (average: 154.4996), the exchange rate shifted by -6.7504 (-4.37%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 149.6898 | 146.1726 | 147.7493 |
| February | 147.3616 | 146.0503 | 146.8796 |
| March | 146.5962 | 90.8416 | 101.7104 |
| April | 93.0958 | 90.0006 | 91.9539 |
| May | 95.0524 | 91.9452 | 93.7527 |
| June | 94.7816 | 92.5131 | 93.7435 |
| July | 94.4831 | 92.6027 | 93.5177 |
| August | 94.3242 | 92.0301 | 93.3642 |
| September | 94.2465 | 93.0391 | 93.7659 |
| October | 94.9511 | 93.9303 | 94.4915 |
| November | 94.6898 | 93.5569 | 94.2014 |
| December | 94.5418 | 91.4625 | 92.9457 |