2024 MVR to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MVR to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MVR to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 307.5061. Conversely, the yearly low was recorded on April 3, dropping to 281.2250.
This high-to-low spread represents a total annual volatility of 26.2810 MGA. From a start-to-finish perspective, comparing the January average rate of 296.3298 to the December average rate of 305.0065, the exchange rate registered a net change of 2.93% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 307.5061 was up 2.27% compared to the 2023 peak of 300.6868, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MVR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MVR to MGA 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 290.5112, compared to 298.4392 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.9279 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 22.3660 MGA (High: 307.5061 / Low: 285.1400). On the other end, February was the most stable month, with a tight range of 2.9850 MGA (High: 296.3676 / Low: 293.3826).
Growth Streaks & Declines
TrendsBetween April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 5.4592 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2024: 287.4263) against the same month in 2023 (average: 286.8346), the exchange rate shifted by +0.5917 (+0.21%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 300.0572 | 293.1287 | 296.3298 |
| February | 296.3676 | 293.3826 | 294.9013 |
| March | 293.8312 | 282.2911 | 289.4421 |
| April | 288.0700 | 281.2250 | 284.4645 |
| May | 307.5061 | 285.1400 | 287.4263 |
| June | 293.7156 | 287.3342 | 290.5032 |
| July | 297.4396 | 288.4275 | 292.6369 |
| August | 298.9177 | 292.0644 | 296.8607 |
| September | 297.2598 | 293.9925 | 295.8319 |
| October | 300.8888 | 295.6695 | 298.9893 |
| November | 303.6224 | 298.0972 | 301.3096 |
| December | 307.0457 | 302.1405 | 305.0065 |