2024 SEK to MGA Historical Review

YEARLY HIGH

458.6649 MGA

YEARLY LOW

398.7682 MGA

YEARLY AVERAGE

429.1193 MGA

2024 SEK to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SEK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 458.6649. Conversely, the yearly low was recorded on April 16, dropping to 398.7682.

This high-to-low spread represents a total annual volatility of 59.8967 MGA. From a start-to-finish perspective, comparing the January average rate of 441.1767 to the December average rate of 427.4521, the exchange rate registered a net change of -3.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 458.6649 was down 0.66% compared to the 2023 peak of 461.7156, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,293,325 MGA

2023 Average 2,098,283 MGA

Yearly Trough Low 1,993,841 MGA

Transaction Impact: A difference of 299,483.74 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

448.2327

402.4253

JanuMarcMayJulySeptNove

SEK 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 424.8421, compared to 433.3965 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.5544 points.

H1 Avg (Jan–Jun) 424.8421

H2 Avg (Jul–Dec) 433.3965

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 32.7131 MGA (High: 441.1809 / Low: 408.4677). On the other end, October was the most stable month, with a tight range of 12.3634 MGA (High: 443.7753 / Low: 431.4120).

March Spread (Volatile) ±32.7131

October Spread (Stable) ±12.3634

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 22.3583 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -22.3583

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 441.1767) against the same month in 2023 (average: 423.2931), the exchange rate shifted by +17.8836 (+4.22%).

2024 Avg (January) 441.1767

2023 Avg (January) 423.2931

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	458.6649	432.7615	441.1767
February	441.9404	427.7001	435.0557
March	441.1809	408.4677	428.6009
April	413.4866	398.7682	406.2426
May	421.6484	406.8952	412.4166
June	430.1795	417.6792	425.5598
July	432.5779	418.2759	423.7295
August	450.0788	424.8736	439.3342
September	451.0406	436.5164	444.4154
October	443.7753	431.4120	438.2246
November	435.3509	422.5372	427.2230
December	432.3669	417.8877	427.4521