2024 LRD to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 LRD to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the LRD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 12, valuing the pair at 26.3208. Conversely, the yearly low was recorded on April 3, dropping to 22.5447.
This high-to-low spread represents a total annual volatility of 3.7761 MGA. From a start-to-finish perspective, comparing the January average rate of 24.1303 to the December average rate of 26.0264, the exchange rate registered a net change of 7.86% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 26.3208 was down 10.54% compared to the 2023 peak of 29.4213, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 LRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
LRD 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 23.3218, compared to 24.1161 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7943 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 2.1876 MGA (High: 26.1942 / Low: 24.0066). On the other end, May was the most stable month, with a tight range of 0.2496 MGA (High: 23.0314 / Low: 22.7817).
Growth Streaks & Declines
TrendsBetween 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 0.6211 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 26.0264) against the same month in 2023 (average: 24.3449), the exchange rate shifted by +1.6815 (+6.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.5172 | 23.7743 | 24.1303 |
| February | 23.9928 | 23.6191 | 23.8351 |
| March | 23.5984 | 22.6272 | 23.2140 |
| April | 23.2742 | 22.5447 | 22.8077 |
| May | 23.0314 | 22.7817 | 22.9001 |
| June | 23.3264 | 22.8949 | 23.0435 |
| July | 23.3596 | 22.9327 | 23.1138 |
| August | 23.5520 | 22.9754 | 23.3469 |
| September | 23.4860 | 22.6140 | 23.2288 |
| October | 24.0562 | 23.4369 | 23.8240 |
| November | 26.1942 | 24.0066 | 25.1567 |
| December | 26.3208 | 25.5177 | 26.0264 |