2024 THB to MGA Historical Review

YEARLY HIGH

140.6559 MGA

YEARLY LOW

118.6822 MGA

YEARLY AVERAGE

128.8429 MGA

2024 THB to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the THB to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 140.6559. Conversely, the yearly low was recorded on April 10, dropping to 118.6822.

This high-to-low spread represents a total annual volatility of 21.9737 MGA. From a start-to-finish perspective, comparing the January average rate of 129.7817 to the December average rate of 137.6042, the exchange rate registered a net change of 6.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 140.6559 was up 2.48% compared to the 2023 peak of 137.2456, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 THB based on timing:

Yearly Peak High 35,163,986 MGA

2023 Average 32,014,284 MGA

Yearly Trough Low 29,670,549 MGA

Transaction Impact: A difference of 5,493,436.81 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

139.4058

117.7856

JanuMarcMayJulySeptNove

THB 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 123.8810, compared to 133.8049 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.9239 points.

H1 Avg (Jan–Jun) 123.8810

H2 Avg (Jul–Dec) 133.8049

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 7.7294 MGA (High: 127.5743 / Low: 119.8449). On the other end, April was the most stable month, with a tight range of 2.4084 MGA (High: 121.0906 / Low: 118.6822).

March Spread (Volatile) ±7.7294

April Spread (Stable) ±2.4084

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 4.7327 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -4.7327

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 136.5916) against the same month in 2023 (average: 125.9536), the exchange rate shifted by +10.6381 (+8.45%).

2024 Avg (September) 136.5916

2023 Avg (September) 125.9536

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	134.3670	126.9907	129.7817
February	128.5227	125.5849	126.6584
March	127.5743	119.8449	124.3199
April	121.0906	118.6822	119.5873
May	122.6951	119.9005	121.0984
June	123.2237	120.7685	121.8402
July	128.4353	121.6686	124.3640
August	135.2200	127.5441	131.5766
September	140.6559	133.1020	136.5916
October	139.6313	136.2184	137.5344
November	137.2524	133.1803	135.1585
December	139.8058	134.4535	137.6042