2024 SRD to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SRD to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SRD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on August 16, valuing the pair at 160.3691. Conversely, the yearly low was recorded on January 31, dropping to 122.9832.
This high-to-low spread represents a total annual volatility of 37.3859 MGA. From a start-to-finish perspective, comparing the January average rate of 124.3961 to the December average rate of 133.4451, the exchange rate registered a net change of 7.27% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 160.3691 was up 11.58% compared to the 2023 peak of 143.7296, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SRD 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 130.4015, compared to 145.0501 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 14.6486 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 13.9981 MGA (High: 148.0649 / Low: 134.0667). On the other end, December was the most stable month, with a tight range of 2.1600 MGA (High: 134.4602 / Low: 132.3002).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 11.6836 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 158.5461) against the same month in 2023 (average: 117.6215), the exchange rate shifted by +40.9246 (+34.79%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 126.3137 | 122.9832 | 124.3961 |
| February | 128.6004 | 123.6064 | 125.5925 |
| March | 128.3639 | 123.9129 | 126.7998 |
| April | 131.2757 | 124.5538 | 127.0170 |
| May | 138.4347 | 130.9598 | 135.9273 |
| June | 146.8721 | 138.1178 | 142.6760 |
| July | 158.2372 | 145.0251 | 151.8046 |
| August | 160.3691 | 156.7373 | 158.5461 |
| September | 157.9947 | 147.7826 | 153.0021 |
| October | 148.0649 | 134.0667 | 141.3185 |
| November | 134.2858 | 131.1689 | 132.1840 |
| December | 134.4602 | 132.3002 | 133.4451 |