2024 RSD to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 RSD to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the RSD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on August 23, valuing the pair at 43.7963. Conversely, the yearly low was recorded on April 16, dropping to 39.5803.
This high-to-low spread represents a total annual volatility of 4.2160 MGA. From a start-to-finish perspective, comparing the January average rate of 42.4753 to the December average rate of 42.0797, the exchange rate registered a net change of -0.93% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 43.7963 was up 0.73% compared to the 2023 peak of 43.4810, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 RSD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
RSD 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 41.3306, compared to 42.4954 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1648 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 1.9231 MGA (High: 42.1395 / Low: 40.2164). On the other end, February was the most stable month, with a tight range of 0.5458 MGA (High: 42.1288 / Low: 41.5830).
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 1.1960 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 43.0118) against the same month in 2023 (average: 41.8771), the exchange rate shifted by +1.1346 (+2.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 43.5602 | 41.6473 | 42.4753 |
| February | 42.1288 | 41.5830 | 41.8143 |
| March | 42.1395 | 40.2164 | 41.4379 |
| April | 40.7587 | 39.5803 | 40.2419 |
| May | 41.3031 | 40.4995 | 40.9091 |
| June | 41.5776 | 40.6067 | 41.1051 |
| July | 42.2092 | 41.0223 | 41.7706 |
| August | 43.7963 | 42.0230 | 43.0118 |
| September | 43.4121 | 42.6801 | 43.1176 |
| October | 43.0861 | 42.3639 | 42.7463 |
| November | 43.0100 | 41.5375 | 42.2464 |
| December | 42.4724 | 41.1698 | 42.0797 |