2024 PEN to MGA Historical Review

YEARLY HIGH

1267.8592 MGA

YEARLY LOW

1163.8325 MGA

YEARLY AVERAGE

1208.5941 MGA

2024 PEN to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PEN to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 12, valuing the pair at 1267.8592. Conversely, the yearly low was recorded on April 17, dropping to 1163.8325.

This high-to-low spread represents a total annual volatility of 104.0267 MGA. From a start-to-finish perspective, comparing the January average rate of 1223.2810 to the December average rate of 1259.4064, the exchange rate registered a net change of 2.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1267.8592 was up 0.20% compared to the 2023 peak of 1265.3339, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,339,296 MGA

2023 Average 5,954,203 MGA

Yearly Trough Low 5,819,162 MGA

Transaction Impact: A difference of 520,133.66 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1267.1246

1174.5058

JanuMarcMayJulySeptNove

PEN 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 1194.1565, compared to 1223.0318 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 28.8753 points.

H1 Avg (Jan–Jun) 1194.1565

H2 Avg (Jul–Dec) 1223.0318

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 61.4346 MGA (High: 1247.8287 / Low: 1186.3941). On the other end, May was the most stable month, with a tight range of 18.0035 MGA (High: 1198.8172 / Low: 1180.8137).

January Spread (Volatile) ±61.4346

May Spread (Stable) ±18.0035

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 37.4714 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -37.4714

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 1259.4064) against the same month in 2023 (average: 1226.5915), the exchange rate shifted by +32.8149 (+2.68%).

2024 Avg (December) 1259.4064

2023 Avg (December) 1226.5915

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1247.8287	1186.3941	1223.2810
February	1198.7890	1172.1685	1185.8096
March	1227.0439	1174.0473	1202.5669
April	1197.6864	1163.8325	1183.1117
May	1198.8172	1180.8137	1187.9456
June	1199.4813	1167.5814	1182.2240
July	1221.7903	1165.7810	1197.1258
August	1234.5070	1206.0796	1222.3900
September	1221.2237	1189.5613	1205.1805
October	1235.0160	1217.0061	1223.9296
November	1252.4613	1220.7321	1230.1587
December	1267.8592	1245.2471	1259.4064