2024 MGA to PKR Historical Review

YEARLY HIGH

0.0639 PKR

YEARLY LOW

0.0588 PKR

YEARLY AVERAGE

0.0614 PKR

2024 MGA to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MGA to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 3, valuing the pair at 0.0639. Conversely, the yearly low was recorded on December 15, dropping to 0.0588.

This high-to-low spread represents a total annual volatility of 0.0051 PKR. From a start-to-finish perspective, comparing the January average rate of 0.0613 to the December average rate of 0.0592, the exchange rate registered a net change of -3.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0639 was down 7.00% compared to the 2023 peak of 0.0687, 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 320 PKR

2023 Average 314 PKR

Yearly Trough Low 294 PKR

Transaction Impact: A difference of 25.62 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0637

0.0588

JanuMarcMayJulySeptNove

MGA to PKR 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 0.0622, compared to 0.0606 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.0622

H2 Avg (Jul–Dec) 0.0606

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0022 PKR (High: 0.0637 / Low: 0.0615). On the other end, May was the most stable month, with a tight range of 0.0004 PKR (High: 0.0630 / Low: 0.0625).

March Spread (Volatile) ±0.0022

May 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 July and August, when the average rate fell by 0.0008 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0633) against the same month in 2023 (average: 0.0648), the exchange rate shifted by -0.0015 (-2.38%).

2024 Avg (April) 0.0633

2023 Avg (April) 0.0648

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0618	0.0604	0.0613
February	0.0617	0.0610	0.0615
March	0.0637	0.0615	0.0624
April	0.0639	0.0625	0.0633
May	0.0630	0.0625	0.0628
June	0.0627	0.0615	0.0623
July	0.0625	0.0610	0.0618
August	0.0617	0.0603	0.0610
September	0.0615	0.0610	0.0613
October	0.0612	0.0601	0.0605
November	0.0604	0.0592	0.0598
December	0.0598	0.0588	0.0592