2024 MGA to LBP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MGA to LBP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MGA to LBP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 3, valuing the pair at 20.6142. Conversely, the yearly low was recorded on January 5, dropping to 3.2577.
This high-to-low spread represents a total annual volatility of 17.3565 LBP. From a start-to-finish perspective, comparing the January average rate of 3.2934 to the December average rate of 19.0490, the exchange rate registered a net change of 478.39% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 20.6142 was up 473.91% compared to the 2023 peak of 3.5919, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MGA based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MGA to LBP 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 15.2961, compared to 19.5050 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.2089 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 16.5125 LBP (High: 19.8074 / Low: 3.2949). On the other end, January was the most stable month, with a tight range of 0.0698 LBP (High: 3.3275 / Low: 3.2577).
Growth Streaks & Declines
TrendsBetween 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 0.2720 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 20.3659) against the same month in 2023 (average: 3.4485), the exchange rate shifted by +16.9174 (+490.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.3275 | 3.2577 | 3.2934 |
| February | 19.8074 | 3.2949 | 7.8463 |
| March | 20.5532 | 19.7249 | 20.0475 |
| April | 20.6142 | 20.0947 | 20.3659 |
| May | 20.2657 | 20.0705 | 20.1962 |
| June | 20.1990 | 19.7613 | 20.0272 |
| July | 20.0833 | 19.6181 | 19.8732 |
| August | 19.8421 | 19.3767 | 19.6012 |
| September | 19.7992 | 19.6305 | 19.7181 |
| October | 19.7369 | 19.3937 | 19.5228 |
| November | 19.4551 | 19.0882 | 19.2655 |
| December | 19.2477 | 18.9271 | 19.0490 |