2024 MGA to XOF Historical Review

YEARLY HIGH

0.1415 XOF

YEARLY LOW

0.1278 XOF

YEARLY AVERAGE

0.1337 XOF

2024 MGA to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MGA to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.1415. Conversely, the yearly low was recorded on August 23, dropping to 0.1278.

This high-to-low spread represents a total annual volatility of 0.0136 XOF. From a start-to-finish perspective, comparing the January average rate of 0.1317 to the December average rate of 0.1333, the exchange rate registered a net change of 1.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1415 was down 2.22% compared to the 2023 peak of 0.1447, 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 707 XOF

2023 Average 681 XOF

Yearly Trough Low 639 XOF

Transaction Impact: A difference of 68.21 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1401

0.1290

JanuMarcMayJulySeptNove

MGA to XOF 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 0.1355, compared to 0.1319 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0036 points.

H1 Avg (Jan–Jun) 0.1355

H2 Avg (Jul–Dec) 0.1319

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0065 XOF (High: 0.1393 / Low: 0.1328). On the other end, February was the most stable month, with a tight range of 0.0018 XOF (High: 0.1347 / Low: 0.1329).

March Spread (Volatile) ±0.0065

February Spread (Stable) ±0.0018

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 0.0038 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0038

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.1392) against the same month in 2023 (average: 0.1364), the exchange rate shifted by +0.0028 (+2.06%).

2024 Avg (April) 0.1392

2023 Avg (April) 0.1364

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1344	0.1286	0.1317
February	0.1347	0.1329	0.1339
March	0.1393	0.1328	0.1351
April	0.1415	0.1374	0.1392
May	0.1383	0.1356	0.1369
June	0.1378	0.1347	0.1363
July	0.1366	0.1326	0.1341
August	0.1334	0.1278	0.1303
September	0.1313	0.1290	0.1300
October	0.1323	0.1302	0.1311
November	0.1349	0.1303	0.1327
December	0.1362	0.1320	0.1333