2024 FKP to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 FKP to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the FKP to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on September 28, valuing the pair at 6085.1439. Conversely, the yearly low was recorded on April 16, dropping to 5425.9596.
This high-to-low spread represents a total annual volatility of 659.1843 MGA. From a start-to-finish perspective, comparing the January average rate of 5799.8407 to the December average rate of 5937.7173, the exchange rate registered a net change of 2.38% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 6085.1439 was up 2.37% compared to the 2023 peak of 5944.0575, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 FKP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
FKP 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 5665.7241, compared to 5928.3938 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 262.6697 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 294.7872 MGA (High: 6055.2250 / Low: 5760.4378). On the other end, October was the most stable month, with a tight range of 94.3720 MGA (High: 6041.7094 / Low: 5947.3375).
Growth Streaks & Declines
TrendsBetween April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 177.9531 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 6005.5537) against the same month in 2023 (average: 5586.1782), the exchange rate shifted by +419.3756 (+7.51%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5881.3026 | 5727.4338 | 5799.8407 |
| February | 5786.8084 | 5685.3531 | 5734.4849 |
| March | 5798.9575 | 5507.5599 | 5677.1252 |
| April | 5578.3107 | 5425.9596 | 5499.1721 |
| May | 5688.1621 | 5530.5728 | 5601.1109 |
| June | 5723.0117 | 5627.2616 | 5682.6110 |
| July | 5871.3822 | 5655.3195 | 5798.2277 |
| August | 6055.2250 | 5760.4378 | 5910.9926 |
| September | 6085.1439 | 5913.8263 | 6005.5537 |
| October | 6041.7094 | 5947.3375 | 5988.6833 |
| November | 6005.9578 | 5847.0778 | 5929.1883 |
| December | 6024.8085 | 5847.3495 | 5937.7173 |