2024 NIO to MGA Historical Review

YEARLY HIGH

128.5495 MGA

YEARLY LOW

118.2051 MGA

YEARLY AVERAGE

123.3095 MGA

2024 NIO to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NIO to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 128.5495. Conversely, the yearly low was recorded on April 3, dropping to 118.2051.

This high-to-low spread represents a total annual volatility of 10.3443 MGA. From a start-to-finish perspective, comparing the January average rate of 124.5264 to the December average rate of 127.7590, the exchange rate registered a net change of 2.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 128.5495 was up 2.10% compared to the 2023 peak of 125.9005, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 642,747 MGA

2023 Average 608,820 MGA

Yearly Trough Low 591,026 MGA

Transaction Impact: A difference of 51,721.74 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

128.5923

118.5920

JanuMarcMayJulySeptNove

NIO 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 121.8176, compared to 124.8014 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.9837 points.

H1 Avg (Jan–Jun) 121.8176

H2 Avg (Jul–Dec) 124.8014

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 4.7934 MGA (High: 123.3466 / Low: 118.5532). On the other end, February was the most stable month, with a tight range of 0.9216 MGA (High: 123.9119 / Low: 122.9903).

March Spread (Volatile) ±4.7934

February Spread (Stable) ±0.9216

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 2.0339 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -2.0339

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 127.7590) against the same month in 2023 (average: 124.9706), the exchange rate shifted by +2.7884 (+2.23%).

2024 Avg (December) 127.7590

2023 Avg (December) 124.9706

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	125.9002	123.2546	124.5264
February	123.9119	122.9903	123.4423
March	123.3466	118.5532	121.4592
April	120.7188	118.2051	119.4253
May	121.0211	119.9528	120.5156
June	122.9918	120.6312	121.5370
July	123.9892	121.1269	122.4236
August	125.5707	122.6084	124.0952
September	123.9952	122.8869	123.4290
October	125.5724	123.3017	124.6890
November	127.5544	125.0971	126.4124
December	128.5495	126.4298	127.7590