2024 ETB to MGA Historical Review

YEARLY HIGH

81.9808 MGA

YEARLY LOW

36.5588 MGA

YEARLY AVERAGE

62.2617 MGA

2024 ETB to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ETB to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 81.9808. Conversely, the yearly low was recorded on December 30, dropping to 36.5588.

This high-to-low spread represents a total annual volatility of 45.4220 MGA. From a start-to-finish perspective, comparing the January average rate of 80.8851 to the December average rate of 37.1117, the exchange rate registered a net change of -54.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 81.9808 was down 3.10% compared to the 2023 peak of 84.6026, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 409,904 MGA

2023 Average 406,490 MGA

Yearly Trough Low 182,794 MGA

Transaction Impact: A difference of 227,109.99 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

85.2624

32.7344

JanuMarcMayJulySeptNove

ETB 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 78.6909, compared to 45.8325 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 32.8584 points.

H1 Avg (Jan–Jun) 78.6909

H2 Avg (Jul–Dec) 45.8325

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 18.5009 MGA (High: 78.9511 / Low: 60.4502). On the other end, February was the most stable month, with a tight range of 0.8648 MGA (High: 80.6150 / Low: 79.7502).

July Spread (Volatile) ±18.5009

February Spread (Stable) ±0.8648

Growth Streaks & Declines

Trends

Between April and June, 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 July and August, when the average rate fell by 32.5802 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -32.5802

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 80.8851) against the same month in 2023 (average: 82.0085), the exchange rate shifted by -1.1234 (-1.37%).

2024 Avg (January) 80.8851

2023 Avg (January) 82.0085

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	81.9808	79.9374	80.8851
February	80.6150	79.7502	80.1763
March	79.8230	76.6830	78.7437
April	78.2176	76.5099	77.2517
May	77.9403	76.9599	77.3166
June	78.7671	77.2184	77.7721
July	78.9511	60.4502	77.5084
August	57.8593	40.5179	44.9282
September	41.3371	37.8324	39.3672
October	38.7764	37.5486	38.1407
November	38.4102	37.0192	37.9388
December	37.8494	36.5588	37.1117