2024 JOD to MGA Historical Review

YEARLY HIGH

6665.4982 MGA

YEARLY LOW

6133.0777 MGA

YEARLY AVERAGE

6397.7216 MGA

2024 JOD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JOD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 6665.4982. Conversely, the yearly low was recorded on April 3, dropping to 6133.0777.

This high-to-low spread represents a total annual volatility of 532.4205 MGA. From a start-to-finish perspective, comparing the January average rate of 6433.1737 to the December average rate of 6626.3574, the exchange rate registered a net change of 3.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 6665.4982 was up 2.45% compared to the 2023 peak of 6506.2623, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 33,327,491 MGA

2023 Average 31,378,678 MGA

Yearly Trough Low 30,665,388 MGA

Transaction Impact: A difference of 2,662,102.27 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

6668.7964

6159.5277

JanuMarcMayJulySeptNove

JOD 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 6316.9852, compared to 6478.4579 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 161.4727 points.

H1 Avg (Jan–Jun) 6316.9852

H2 Avg (Jul–Dec) 6478.4579

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 229.8825 MGA (High: 6382.2285 / Low: 6152.3460). On the other end, February was the most stable month, with a tight range of 58.2583 MGA (High: 6431.2440 / Low: 6372.9856).

March Spread (Volatile) ±229.8825

February Spread (Stable) ±58.2583

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 February and March, when the average rate fell by 100.8960 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -100.8960

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 6626.3574) against the same month in 2023 (average: 6459.2940), the exchange rate shifted by +167.0634 (+2.59%).

2024 Avg (December) 6626.3574

2023 Avg (December) 6459.2940

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6511.9512	6369.3070	6433.1737
February	6431.2440	6372.9856	6402.4210
March	6382.2285	6152.3460	6301.5251
April	6284.1292	6133.0777	6201.9668
May	6289.0339	6218.4579	6253.1741
June	6382.4189	6262.2559	6309.6507
July	6442.3569	6291.9277	6356.8906
August	6497.8129	6350.6603	6442.0654
September	6442.2931	6373.6420	6410.0982
October	6516.9929	6408.1895	6476.8905
November	6617.7953	6491.9536	6558.4453
December	6665.4982	6559.0134	6626.3574