2024 GMD to MGA Historical Review

YEARLY HIGH

68.6238 MGA

YEARLY LOW

63.8843 MGA

YEARLY AVERAGE

65.9230 MGA

2024 GMD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GMD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 68.6238. Conversely, the yearly low was recorded on September 11, dropping to 63.8843.

This high-to-low spread represents a total annual volatility of 4.7395 MGA. From a start-to-finish perspective, comparing the January average rate of 67.8225 to the December average rate of 65.4451, the exchange rate registered a net change of -3.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 68.6238 was down 10.20% compared to the 2023 peak of 76.4185, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 343,119 MGA

2023 Average 357,734 MGA

Yearly Trough Low 319,422 MGA

Transaction Impact: A difference of 23,697.49 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

68.1302

64.4379

JanuMarcMayJulySeptNove

GMD 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 66.1479, compared to 65.6981 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4498 points.

H1 Avg (Jan–Jun) 66.1479

H2 Avg (Jul–Dec) 65.6981

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 2.7012 MGA (High: 67.7778 / Low: 65.0765). On the other end, May was the most stable month, with a tight range of 0.7865 MGA (High: 65.8051 / Low: 65.0187).

October Spread (Volatile) ±2.7012

May Spread (Stable) ±0.7865

Growth Streaks & Declines

Trends

Between April and July, 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 1.3964 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.3964

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 67.8225) against the same month in 2023 (average: 70.9165), the exchange rate shifted by -3.0940 (-4.36%).

2024 Avg (January) 67.8225

2023 Avg (January) 70.9165

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	68.6238	66.9946	67.8225
February	67.6461	66.5456	67.1574
March	66.6176	64.1854	65.7611
April	65.5714	64.0315	64.7456
May	65.8051	65.0187	65.4034
June	66.7634	65.5007	65.9971
July	67.3655	65.6036	66.4203
August	66.7391	64.2045	65.3779
September	66.4380	63.8843	65.3072
October	67.7778	65.0765	66.2673
November	66.2480	64.3838	65.3706
December	66.2040	64.6275	65.4451