2024 MGA to KRW Historical Review

YEARLY HIGH

0.3188 KRW

YEARLY LOW

0.2771 KRW

YEARLY AVERAGE

0.3007 KRW

2024 MGA to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MGA to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.3188. Conversely, the yearly low was recorded on January 1, dropping to 0.2771.

This high-to-low spread represents a total annual volatility of 0.0417 KRW. From a start-to-finish perspective, comparing the January average rate of 0.2903 to the December average rate of 0.3066, the exchange rate registered a net change of 5.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3188 was up 3.26% compared to the 2023 peak of 0.3088, 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 1,594 KRW

2023 Average 1,468 KRW

Yearly Trough Low 1,386 KRW

Transaction Impact: A difference of 208.54 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3138

0.2881

JanuMarcMayJulySeptNove

MGA to KRW 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 0.3017, compared to 0.2998 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.3017

H2 Avg (Jul–Dec) 0.2998

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0183 KRW (High: 0.2955 / Low: 0.2771). On the other end, February was the most stable month, with a tight range of 0.0042 KRW (High: 0.2955 / Low: 0.2913).

January Spread (Volatile) ±0.0183

February Spread (Stable) ±0.0042

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 0.0111 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0111

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.3116) against the same month in 2023 (average: 0.3019), the exchange rate shifted by +0.0098 (+3.24%).

2024 Avg (April) 0.3116

2023 Avg (April) 0.3019

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2955	0.2771	0.2903
February	0.2955	0.2913	0.2935
March	0.3086	0.2914	0.2984
April	0.3188	0.3068	0.3116
May	0.3115	0.3042	0.3077
June	0.3116	0.3055	0.3089
July	0.3103	0.3002	0.3068
August	0.3030	0.2893	0.2957
September	0.2954	0.2879	0.2928
October	0.3008	0.2909	0.2967
November	0.3043	0.2973	0.2999
December	0.3150	0.2979	0.3066