2024 MWK to MGA Historical Review

YEARLY HIGH

2.7373 MGA

YEARLY LOW

2.5040 MGA

YEARLY AVERAGE

2.6333 MGA

2024 MWK to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MWK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.7373. Conversely, the yearly low was recorded on April 3, dropping to 2.5040.

This high-to-low spread represents a total annual volatility of 0.2333 MGA. From a start-to-finish perspective, comparing the January average rate of 2.7123 to the December average rate of 2.7109, the exchange rate registered a net change of -0.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.7373 was down 38.70% compared to the 2023 peak of 4.4656, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MWK based on timing:

Yearly Peak High 13,687 MGA

2023 Average 20,067 MGA

Yearly Trough Low 12,520 MGA

Transaction Impact: A difference of 1,166.74 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.7301

2.5161

JanuMarcMayJulySeptNove

MWK to MGA 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 2.6183, compared to 2.6483 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0300 points.

H1 Avg (Jan–Jun) 2.6183

H2 Avg (Jul–Dec) 2.6483

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.1826 MGA (High: 2.6887 / Low: 2.5060). On the other end, May was the most stable month, with a tight range of 0.0206 MGA (High: 2.5680 / Low: 2.5474).

March Spread (Volatile) ±0.1826

May Spread (Stable) ±0.0206

Growth Streaks & Declines

Trends

Between 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 March and April, when the average rate fell by 0.0965 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0965

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2.7123) against the same month in 2023 (average: 4.2991), the exchange rate shifted by -1.5868 (-36.91%).

2024 Avg (January) 2.7123

2023 Avg (January) 4.2991

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7373	2.6871	2.7123
February	2.7062	2.6849	2.6968
March	2.6887	2.5060	2.6304
April	2.5630	2.5040	2.5339
May	2.5680	2.5474	2.5563
June	2.6114	2.5598	2.5798
July	2.6322	2.5714	2.5990
August	2.6657	2.6053	2.6359
September	2.6308	2.6019	2.6182
October	2.6650	2.6170	2.6451
November	2.7055	2.6535	2.6806
December	2.7282	2.6834	2.7109