2024 NAD to MGA Historical Review

YEARLY HIGH

267.7163 MGA

YEARLY LOW

229.1388 MGA

YEARLY AVERAGE

247.7147 MGA

2024 NAD to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NAD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 12, valuing the pair at 267.7163. Conversely, the yearly low was recorded on April 16, dropping to 229.1388.

This high-to-low spread represents a total annual volatility of 38.5775 MGA. From a start-to-finish perspective, comparing the January average rate of 242.9650 to the December average rate of 257.9286, the exchange rate registered a net change of 6.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 267.7163 was down 0.47% compared to the 2023 peak of 268.9808, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,338,582 MGA

2023 Average 1,204,028 MGA

Yearly Trough Low 1,145,694 MGA

Transaction Impact: A difference of 192,887.63 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

264.0514

229.9090

JanuMarcMayJulySeptNove

NAD 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 239.3069, compared to 256.1225 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 16.8156 points.

H1 Avg (Jan–Jun) 239.3069

H2 Avg (Jul–Dec) 256.1225

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 18.7673 MGA (High: 267.7163 / Low: 248.9490). On the other end, October was the most stable month, with a tight range of 3.3379 MGA (High: 262.8484 / Low: 259.5105).

December Spread (Volatile) ±18.7673

October Spread (Stable) ±3.3379

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 4.2041 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -4.2041

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 257.9286) against the same month in 2023 (average: 245.2973), the exchange rate shifted by +12.6313 (+5.15%).

2024 Avg (December) 257.9286

2023 Avg (December) 245.2973

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	249.5059	237.4919	242.9650
February	244.8432	235.0234	239.2922
March	242.7341	230.1541	236.9583
April	236.9102	229.1388	232.7542
May	244.4785	238.4889	241.1064
June	252.9171	234.2465	242.7656
July	250.1939	242.1476	247.0574
August	258.6023	244.8598	253.2189
September	264.8240	253.6874	257.8944
October	262.8484	259.5105	261.2062
November	264.1350	255.3425	259.4296
December	267.7163	248.9490	257.9286