2024 MXN to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MXN to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MXN to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 272.9146. Conversely, the yearly low was recorded on November 12, dropping to 225.2679.
This high-to-low spread represents a total annual volatility of 47.6467 MGA. From a start-to-finish perspective, comparing the January average rate of 267.5834 to the December average rate of 232.0603, the exchange rate registered a net change of -13.28% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 272.9146 was up 0.32% compared to the 2023 peak of 272.0321, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MXN 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 261.8441, compared to 235.5765 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 26.2676 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 24.1290 MGA (High: 261.5272 / Low: 237.3982). On the other end, February was the most stable month, with a tight range of 2.5576 MGA (High: 266.7587 / Low: 264.2011).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 17.8613 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 267.5834) against the same month in 2023 (average: 231.9391), the exchange rate shifted by +35.6443 (+15.37%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 272.9146 | 262.3117 | 267.5834 |
| February | 266.7587 | 264.2011 | 265.6438 |
| March | 270.5135 | 262.0025 | 266.4041 |
| April | 267.4868 | 256.2240 | 261.5372 |
| May | 267.7612 | 259.6392 | 263.8787 |
| June | 261.5272 | 237.3982 | 246.0175 |
| July | 254.7385 | 242.5271 | 248.8980 |
| August | 247.0215 | 230.8634 | 238.4513 |
| September | 237.2107 | 226.8264 | 231.8347 |
| October | 238.2008 | 228.4761 | 233.3461 |
| November | 232.8757 | 225.2679 | 228.8685 |
| December | 234.9302 | 226.0127 | 232.0603 |