2024 JPY to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 JPY to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the JPY to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 32.7455. Conversely, the yearly low was recorded on July 4, dropping to 27.6396.
This high-to-low spread represents a total annual volatility of 5.1059 MGA. From a start-to-finish perspective, comparing the January average rate of 31.2306 to the December average rate of 30.5213, the exchange rate registered a net change of -2.27% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 32.7455 was down 6.93% compared to the 2023 peak of 35.1851, indicating shifts in long-term support levels.
Comparing the value generated converting 500,000 JPY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
JPY to MGA Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 29.4504, compared to 30.5091 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0587 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 2.8010 MGA (High: 30.4406 / Low: 27.6396). On the other end, May was the most stable month, with a tight range of 0.8931 MGA (High: 29.0224 / Low: 28.1293).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 1.2945 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 31.2306) against the same month in 2023 (average: 33.7908), the exchange rate shifted by -2.5602 (-7.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 32.7455 | 30.5533 | 31.2306 |
| February | 30.9972 | 29.9907 | 30.3446 |
| March | 30.6712 | 28.7830 | 29.8347 |
| April | 29.0404 | 28.1389 | 28.5402 |
| May | 29.0224 | 28.1293 | 28.4639 |
| June | 28.7421 | 27.8075 | 28.2883 |
| July | 30.4406 | 27.6396 | 28.6099 |
| August | 31.7300 | 30.4186 | 31.2256 |
| September | 32.3121 | 31.0027 | 31.7560 |
| October | 31.6181 | 30.0656 | 30.6267 |
| November | 31.3446 | 29.7764 | 30.3151 |
| December | 31.4374 | 29.7163 | 30.5213 |