2024 NPR to MGA Historical Review

YEARLY HIGH

34.8821 MGA

YEARLY LOW

32.5894 MGA

YEARLY AVERAGE

33.8860 MGA

2024 NPR to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NPR to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 34.8821. Conversely, the yearly low was recorded on April 3, dropping to 32.5894.

This high-to-low spread represents a total annual volatility of 2.2927 MGA. From a start-to-finish perspective, comparing the January average rate of 34.3255 to the December average rate of 34.5853, the exchange rate registered a net change of 0.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 34.8821 was up 0.17% compared to the 2023 peak of 34.8238, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 174,410 MGA

2023 Average 168,491 MGA

Yearly Trough Low 162,947 MGA

Transaction Impact: A difference of 11,463.44 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

34.7474

32.8021

JanuMarcMayJulySeptNove

NPR 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 33.6408, compared to 34.1312 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4904 points.

H1 Avg (Jan–Jun) 33.6408

H2 Avg (Jul–Dec) 34.1312

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 1.4134 MGA (High: 34.1325 / Low: 32.7192). On the other end, February was the most stable month, with a tight range of 0.2275 MGA (High: 34.3044 / Low: 34.0769).

March Spread (Volatile) ±1.4134

February Spread (Stable) ±0.2275

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 0.6840 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.6840

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 34.5853) against the same month in 2023 (average: 34.3734), the exchange rate shifted by +0.2119 (+0.62%).

2024 Avg (December) 34.5853

2023 Avg (December) 34.3734

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	34.6205	34.0230	34.3255
February	34.3044	34.0769	34.1829
March	34.1325	32.7192	33.6482
April	33.3284	32.5894	32.9642
May	33.4354	33.0685	33.2339
June	33.8881	33.2104	33.4898
July	34.0715	33.3834	33.6939
August	34.4147	33.6353	34.0429
September	34.0649	33.7576	33.8730
October	34.3446	33.7822	34.1260
November	34.6917	34.1161	34.4658
December	34.8821	34.1180	34.5853