2024 QAR to MGA Historical Review

YEARLY HIGH

1297.6983 MGA

YEARLY LOW

1193.9417 MGA

YEARLY AVERAGE

1245.0576 MGA

2024 QAR to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 1297.6983. Conversely, the yearly low was recorded on April 3, dropping to 1193.9417.

This high-to-low spread represents a total annual volatility of 103.7566 MGA. From a start-to-finish perspective, comparing the January average rate of 1252.7112 to the December average rate of 1290.1161, the exchange rate registered a net change of 2.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1297.6983 was up 2.55% compared to the 2023 peak of 1265.4013, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,488,491 MGA

2023 Average 6,108,353 MGA

Yearly Trough Low 5,969,709 MGA

Transaction Impact: A difference of 518,782.83 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1298.4472

1198.4743

JanuMarcMayJulySeptNove

QAR 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 1229.3586, compared to 1260.7566 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 31.3980 points.

H1 Avg (Jan–Jun) 1229.3586

H2 Avg (Jul–Dec) 1260.7566

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 45.2432 MGA (High: 1242.8758 / Low: 1197.6326). On the other end, May was the most stable month, with a tight range of 10.1543 MGA (High: 1221.5865 / Low: 1211.4322).

March Spread (Volatile) ±45.2432

May Spread (Stable) ±10.1543

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 19.8873 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -19.8873

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 1290.1161) against the same month in 2023 (average: 1257.3093), the exchange rate shifted by +32.8068 (+2.61%).

2024 Avg (December) 1290.1161

2023 Avg (December) 1257.3093

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1264.4878	1240.7945	1252.7112
February	1251.1158	1238.5466	1245.9826
March	1242.8758	1197.6326	1226.6927
April	1222.0970	1193.9417	1206.8054
May	1221.5865	1211.4322	1216.6518
June	1242.5395	1214.5386	1227.3076
July	1251.7219	1222.3781	1236.3716
August	1267.2304	1237.1346	1254.7541
September	1252.9186	1240.5422	1247.0220
October	1268.6063	1244.9223	1259.4630
November	1289.3839	1263.4415	1276.8127
December	1297.6983	1276.1577	1290.1161