2024 MGA to AFN Historical Review

YEARLY HIGH

0.0166 AFN

YEARLY LOW

0.0142 AFN

YEARLY AVERAGE

0.0156 AFN

2024 MGA to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MGA to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 29, valuing the pair at 0.0166. Conversely, the yearly low was recorded on October 17, dropping to 0.0142.

This high-to-low spread represents a total annual volatility of 0.0024 AFN. From a start-to-finish perspective, comparing the January average rate of 0.0157 to the December average rate of 0.0148, the exchange rate registered a net change of -5.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0166 was down 21.68% compared to the 2023 peak of 0.0212, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 83 AFN

2023 Average 93 AFN

Yearly Trough Low 71 AFN

Transaction Impact: A difference of 12.01 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0165

0.0144

JanuMarcMayJulySeptNove

MGA to AFN 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 0.0160, compared to 0.0151 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.0160

H2 Avg (Jul–Dec) 0.0151

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0013 AFN (High: 0.0165 / Low: 0.0152). On the other end, August was the most stable month, with a tight range of 0.0004 AFN (High: 0.0157 / Low: 0.0154).

January Spread (Volatile) ±0.0013

August Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between January and April, 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 September and October, when the average rate fell by 0.0007 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.0162) against the same month in 2023 (average: 0.0203), the exchange rate shifted by -0.0042 (-20.50%).

2024 Avg (March) 0.0162

2023 Avg (March) 0.0203

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0165	0.0152	0.0157
February	0.0165	0.0159	0.0161
March	0.0166	0.0158	0.0162
April	0.0165	0.0161	0.0163
May	0.0163	0.0159	0.0162
June	0.0162	0.0156	0.0158
July	0.0159	0.0155	0.0157
August	0.0157	0.0154	0.0155
September	0.0156	0.0149	0.0153
October	0.0151	0.0142	0.0146
November	0.0148	0.0144	0.0146
December	0.0151	0.0144	0.0148