2024 RON to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 RON to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the RON to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on August 23, valuing the pair at 1030.1163. Conversely, the yearly low was recorded on April 16, dropping to 931.8361.
This high-to-low spread represents a total annual volatility of 98.2801 MGA. From a start-to-finish perspective, comparing the January average rate of 1000.8364 to the December average rate of 989.3109, the exchange rate registered a net change of -1.15% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1030.1163 was up 0.07% compared to the 2023 peak of 1029.3852, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 RON based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
RON to MGA Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 973.3740, compared to 999.3715 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 25.9975 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 47.0618 MGA (High: 993.9175 / Low: 946.8557). On the other end, February was the most stable month, with a tight range of 14.1435 MGA (High: 993.0226 / Low: 978.8791).
Growth Streaks & Declines
TrendsBetween April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 29.2257 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 1011.1509) against the same month in 2023 (average: 993.6578), the exchange rate shifted by +17.4931 (+1.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1025.7682 | 980.8509 | 1000.8364 |
| February | 993.0226 | 978.8791 | 985.0255 |
| March | 993.9175 | 946.8557 | 976.7286 |
| April | 960.4247 | 931.8361 | 947.5029 |
| May | 972.4292 | 953.9544 | 963.1875 |
| June | 978.1848 | 954.3741 | 966.9629 |
| July | 993.8101 | 964.8473 | 983.1906 |
| August | 1030.1163 | 988.6583 | 1011.1509 |
| September | 1020.7927 | 1004.0701 | 1014.3888 |
| October | 1011.4986 | 996.9608 | 1005.3643 |
| November | 1011.7460 | 976.5020 | 992.8233 |
| December | 998.8876 | 968.0969 | 989.3109 |