2024 MGA to CVE Historical Review

YEARLY HIGH

0.0238 CVE

YEARLY LOW

0.0216 CVE

YEARLY AVERAGE

0.0225 CVE

2024 MGA to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MGA to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.0238. Conversely, the yearly low was recorded on January 1, dropping to 0.0216.

This high-to-low spread represents a total annual volatility of 0.0022 CVE. From a start-to-finish perspective, comparing the January average rate of 0.0222 to the December average rate of 0.0224, the exchange rate registered a net change of 1.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0238 was down 2.28% compared to the 2023 peak of 0.0243, 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 119 CVE

2023 Average 115 CVE

Yearly Trough Low 108 CVE

Transaction Impact: A difference of 10.79 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0235

0.0217

JanuMarcMayJulySeptNove

MGA to CVE 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 0.0228, compared to 0.0222 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0228

H2 Avg (Jul–Dec) 0.0222

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0011 CVE (High: 0.0235 / Low: 0.0223). On the other end, February was the most stable month, with a tight range of 0.0003 CVE (High: 0.0227 / Low: 0.0224).

March Spread (Volatile) ±0.0011

February Spread (Stable) ±0.0003

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 July and August, when the average rate fell by 0.0006 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0234) against the same month in 2023 (average: 0.0230), the exchange rate shifted by +0.0004 (+1.59%).

2024 Avg (April) 0.0234

2023 Avg (April) 0.0230

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0225	0.0216	0.0222
February	0.0227	0.0224	0.0225
March	0.0235	0.0223	0.0227
April	0.0238	0.0231	0.0234
May	0.0233	0.0228	0.0230
June	0.0232	0.0227	0.0229
July	0.0230	0.0223	0.0226
August	0.0225	0.0216	0.0220
September	0.0221	0.0218	0.0219
October	0.0222	0.0219	0.0221
November	0.0227	0.0219	0.0223
December	0.0226	0.0222	0.0224