2024 RUB to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 RUB to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the RUB to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on June 19, valuing the pair at 53.7742. Conversely, the yearly low was recorded on November 27, dropping to 41.3746.
This high-to-low spread represents a total annual volatility of 12.3996 MGA. From a start-to-finish perspective, comparing the January average rate of 51.0905 to the December average rate of 45.3194, the exchange rate registered a net change of -11.30% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 53.7742 was down 21.02% compared to the 2023 peak of 68.0858, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 RUB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
RUB 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 49.3069, compared to 48.6402 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6667 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 6.6012 MGA (High: 47.9759 / Low: 41.3746). On the other end, October was the most stable month, with a tight range of 1.2074 MGA (High: 48.2818 / Low: 47.0744).
Growth Streaks & Declines
TrendsBetween April and July, 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 September and October, when the average rate fell by 2.0834 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 50.7516) against the same month in 2023 (average: 53.6792), the exchange rate shifted by -2.9276 (-5.45%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 51.9340 | 49.9767 | 51.0905 |
| February | 50.2120 | 47.8214 | 49.4399 |
| March | 49.6047 | 47.1134 | 48.6385 |
| April | 48.3212 | 46.3563 | 47.2731 |
| May | 50.3342 | 47.5297 | 48.6478 |
| June | 53.7742 | 49.0988 | 50.7516 |
| July | 53.4585 | 50.1110 | 51.5953 |
| August | 53.5771 | 49.5911 | 51.3352 |
| September | 51.9554 | 48.1396 | 49.7708 |
| October | 48.2818 | 47.0744 | 47.6874 |
| November | 47.9759 | 41.3746 | 46.1330 |
| December | 47.4329 | 41.5343 | 45.3194 |