2024 HKD to MGA Historical Review

YEARLY HIGH

608.2126 MGA

YEARLY LOW

555.3696 MGA

YEARLY AVERAGE

581.2853 MGA

2024 HKD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HKD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 608.2126. Conversely, the yearly low was recorded on April 3, dropping to 555.3696.

This high-to-low spread represents a total annual volatility of 52.8430 MGA. From a start-to-finish perspective, comparing the January average rate of 583.8721 to the December average rate of 604.5610, the exchange rate registered a net change of 3.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 608.2126 was up 2.89% compared to the 2023 peak of 591.1245, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 15,205,314 MGA

2023 Average 14,213,184 MGA

Yearly Trough Low 13,884,240 MGA

Transaction Impact: A difference of 1,321,073.90 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

608.8819

557.0316

JanuMarcMayJulySeptNove

HKD 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 572.7862, compared to 589.7845 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 16.9983 points.

H1 Avg (Jan–Jun) 572.7862

H2 Avg (Jul–Dec) 589.7845

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 20.6366 MGA (High: 577.9941 / Low: 557.3575). On the other end, February was the most stable month, with a tight range of 5.8991 MGA (High: 583.1262 / Low: 577.2271).

March Spread (Volatile) ±20.6366

February Spread (Stable) ±5.8991

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 9.6478 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -9.6478

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 604.5610) against the same month in 2023 (average: 586.7747), the exchange rate shifted by +17.7863 (+3.03%).

2024 Avg (December) 604.5610

2023 Avg (December) 586.7747

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	591.6355	577.8465	583.8721
February	583.1262	577.2271	580.4300
March	577.9941	557.3575	571.0003
April	568.9018	555.3696	561.3525
May	570.7459	564.6111	567.4577
June	579.5510	567.7228	572.6046
July	584.5700	571.0850	576.8743
August	590.8277	577.4114	585.5577
September	585.5372	579.5819	583.0502
October	594.4933	584.7878	590.8583
November	603.2220	591.9066	597.8053
December	608.2126	598.7099	604.5610