2024 ILS to MGA Historical Review

YEARLY HIGH

1324.9470 MGA

YEARLY LOW

1154.9861 MGA

YEARLY AVERAGE

1225.8576 MGA

2024 ILS to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ILS to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 12, valuing the pair at 1324.9470. Conversely, the yearly low was recorded on April 17, dropping to 1154.9861.

This high-to-low spread represents a total annual volatility of 169.9610 MGA. From a start-to-finish perspective, comparing the January average rate of 1230.8341 to the December average rate of 1297.1440, the exchange rate registered a net change of 5.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1324.9470 was up 0.15% compared to the 2023 peak of 1323.0065, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,624,735 MGA

2023 Average 6,043,895 MGA

Yearly Trough Low 5,774,930 MGA

Transaction Impact: A difference of 849,804.86 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1309.9036

1156.7887

JanuMarcMayJulySeptNove

ILS 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 1211.9541, compared to 1239.7611 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 27.8070 points.

H1 Avg (Jan–Jun) 1211.9541

H2 Avg (Jul–Dec) 1239.7611

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 87.8371 MGA (High: 1268.8932 / Low: 1181.0561). On the other end, May was the most stable month, with a tight range of 28.9286 MGA (High: 1212.2841 / Low: 1183.3555).

March Spread (Volatile) ±87.8371

May Spread (Stable) ±28.9286

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 60.4046 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -60.4046

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 1297.1440) against the same month in 2023 (average: 1250.8459), the exchange rate shifted by +46.2981 (+3.70%).

2024 Avg (December) 1297.1440

2023 Avg (December) 1250.8459

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1282.6516	1202.4514	1230.8341
February	1266.9346	1227.6519	1245.9129
March	1268.8932	1181.0561	1229.9529
April	1189.3179	1154.9861	1169.5483
May	1212.2841	1183.3555	1197.4386
June	1215.9465	1185.1171	1198.0378
July	1249.6941	1186.9811	1226.8401
August	1258.1859	1188.3262	1227.0802
September	1257.5080	1194.0314	1217.8455
October	1244.7560	1193.6463	1219.2444
November	1291.7282	1226.9381	1250.4124
December	1324.9470	1273.9878	1297.1440