2024 GNF to MGA Historical Review

YEARLY HIGH

0.5480 MGA

YEARLY LOW

0.5062 MGA

YEARLY AVERAGE

0.5267 MGA

2024 GNF to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GNF to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 0.5480. Conversely, the yearly low was recorded on April 3, dropping to 0.5062.

This high-to-low spread represents a total annual volatility of 0.0418 MGA. From a start-to-finish perspective, comparing the January average rate of 0.5310 to the December average rate of 0.5445, the exchange rate registered a net change of 2.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5480 was up 2.24% compared to the 2023 peak of 0.5360, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,740 MGA

2023 Average 2,582 MGA

Yearly Trough Low 2,531 MGA

Transaction Impact: A difference of 208.93 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5478

0.5084

JanuMarcMayJulySeptNove

GNF 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 0.5210, compared to 0.5323 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0114 points.

H1 Avg (Jan–Jun) 0.5210

H2 Avg (Jul–Dec) 0.5323

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0187 MGA (High: 0.5262 / Low: 0.5074). On the other end, February was the most stable month, with a tight range of 0.0038 MGA (High: 0.5293 / Low: 0.5256).

March Spread (Volatile) ±0.0187

February Spread (Stable) ±0.0038

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0082 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0082

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.5445) against the same month in 2023 (average: 0.5327), the exchange rate shifted by +0.0118 (+2.22%).

2024 Avg (December) 0.5445

2023 Avg (December) 0.5327

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5359	0.5258	0.5310
February	0.5293	0.5256	0.5277
March	0.5262	0.5074	0.5199
April	0.5184	0.5062	0.5117
May	0.5181	0.5127	0.5158
June	0.5259	0.5157	0.5198
July	0.5295	0.5179	0.5233
August	0.5361	0.5234	0.5298
September	0.5284	0.5234	0.5257
October	0.5355	0.5239	0.5315
November	0.5443	0.5336	0.5391
December	0.5480	0.5385	0.5445