2024 PLN to MGA Historical Review

YEARLY HIGH

1201.9881 MGA

YEARLY LOW

1002.9367 MGA

YEARLY AVERAGE

1139.3594 MGA

2024 PLN to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PLN to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on August 23, valuing the pair at 1201.9881. Conversely, the yearly low was recorded on January 1, dropping to 1002.9367.

This high-to-low spread represents a total annual volatility of 199.0513 MGA. From a start-to-finish perspective, comparing the January average rate of 1136.1223 to the December average rate of 1152.7654, the exchange rate registered a net change of 1.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1201.9881 was up 2.07% compared to the 2023 peak of 1177.5680, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 PLN based on timing:

Yearly Peak High 24,039,761 MGA

2023 Average 21,245,021 MGA

Yearly Trough Low 20,058,735 MGA

Transaction Impact: A difference of 3,981,026.26 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1188.4402

1086.7292

JanuMarcMayJulySeptNove

PLN 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 1120.7648, compared to 1157.9541 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 37.1894 points.

H1 Avg (Jan–Jun) 1120.7648

H2 Avg (Jul–Dec) 1157.9541

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 158.0855 MGA (High: 1161.0222 / Low: 1002.9367). On the other end, February was the most stable month, with a tight range of 21.1923 MGA (High: 1143.7088 / Low: 1122.5165).

January Spread (Volatile) ±158.0855

February Spread (Stable) ±21.1923

Growth Streaks & Declines

Trends

Between June and September, 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 March and April, when the average rate fell by 32.1500 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -32.1500

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 1173.2220) against the same month in 2023 (average: 1101.5336), the exchange rate shifted by +71.6884 (+6.51%).

2024 Avg (August) 1173.2220

2023 Avg (August) 1101.5336

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1161.0222	1002.9367	1136.1223
February	1143.7088	1122.5165	1133.1188
March	1153.2501	1096.0291	1127.3551
April	1114.3807	1061.5786	1095.2051
May	1137.2642	1097.3959	1119.0253
June	1138.5024	1085.3131	1113.7619
July	1156.1907	1112.2557	1142.1481
August	1201.9881	1143.2916	1173.2220
September	1191.6878	1164.3657	1179.9643
October	1172.6291	1145.5983	1158.8011
November	1155.6132	1120.7531	1140.8238
December	1165.6128	1128.5053	1152.7654