2024 HRK to MGA Historical Review

YEARLY HIGH

680.3742 MGA

YEARLY LOW

615.3124 MGA

YEARLY AVERAGE

651.2196 MGA

2024 HRK to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HRK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on August 23, valuing the pair at 680.3742. Conversely, the yearly low was recorded on April 16, dropping to 615.3124.

This high-to-low spread represents a total annual volatility of 65.0617 MGA. From a start-to-finish perspective, comparing the January average rate of 660.7161 to the December average rate of 653.1542, the exchange rate registered a net change of -1.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 680.3742 was up 0.60% compared to the 2023 peak of 676.3006, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,401,871 MGA

2023 Average 3,195,120 MGA

Yearly Trough Low 3,076,562 MGA

Transaction Impact: A difference of 325,308.67 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

674.1558

620.9933

JanuMarcMayJulySeptNove

HRK 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 642.5799, compared to 659.8593 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 17.2794 points.

H1 Avg (Jan–Jun) 642.5799

H2 Avg (Jul–Dec) 659.8593

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 30.7056 MGA (High: 655.5848 / Low: 624.8792). On the other end, February was the most stable month, with a tight range of 8.6448 MGA (High: 655.2390 / Low: 646.5943).

March Spread (Volatile) ±30.7056

February Spread (Stable) ±8.6448

Growth Streaks & Declines

Trends

Between 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 18.8897 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -18.8897

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 667.8824) against the same month in 2023 (average: 651.6767), the exchange rate shifted by +16.2056 (+2.49%).

2024 Avg (August) 667.8824

2023 Avg (August) 651.6767

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	676.8974	647.8729	660.7161
February	655.2390	646.5943	650.3298
March	655.5848	624.8792	644.3132
April	633.1617	615.3124	625.4235
May	642.1361	629.7489	636.0284
June	646.0813	630.8041	638.6681
July	655.7283	637.3090	648.8616
August	680.3742	652.8986	667.8824
September	674.3261	662.8705	669.7256
October	668.5503	658.0907	663.8341
November	667.8131	645.2434	655.6978
December	659.1133	639.2289	653.1542