2024 TND to MGA Historical Review

YEARLY HIGH

1507.9973 MGA

YEARLY LOW

1380.0190 MGA

YEARLY AVERAGE

1457.8166 MGA

2024 TND to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TND to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1507.9973. Conversely, the yearly low was recorded on April 16, dropping to 1380.0190.

This high-to-low spread represents a total annual volatility of 127.9783 MGA. From a start-to-finish perspective, comparing the January average rate of 1470.7794 to the December average rate of 1483.5831, the exchange rate registered a net change of 0.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1507.9973 was up 0.09% compared to the 2023 peak of 1506.6367, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,539,986 MGA

2023 Average 7,172,083 MGA

Yearly Trough Low 6,900,095 MGA

Transaction Impact: A difference of 639,891.46 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1503.6421

1392.2034

JanuMarcMayJulySeptNove

TND 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 1435.1474, compared to 1480.4858 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 45.3384 points.

H1 Avg (Jan–Jun) 1435.1474

H2 Avg (Jul–Dec) 1480.4858

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 63.4658 MGA (High: 1457.1890 / Low: 1393.7232). On the other end, October was the most stable month, with a tight range of 15.0214 MGA (High: 1495.3467 / Low: 1480.3253).

March Spread (Volatile) ±63.4658

October Spread (Stable) ±15.0214

Growth Streaks & Declines

Trends

Between 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 35.6719 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -35.6719

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 1470.7794) against the same month in 2023 (average: 1423.0332), the exchange rate shifted by +47.7463 (+3.36%).

2024 Avg (January) 1470.7794

2023 Avg (January) 1423.0332

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1507.9973	1448.4889	1470.7794
February	1460.9013	1445.1768	1451.3030
March	1457.1890	1393.7232	1437.1619
April	1414.7276	1380.0190	1401.4900
May	1432.1542	1409.5858	1418.9340
June	1444.1826	1422.1681	1431.2159
July	1471.8222	1423.0711	1447.1331
August	1507.1987	1462.7026	1487.4907
September	1502.3247	1483.3125	1494.3555
October	1495.3467	1480.3253	1487.9113
November	1493.9536	1468.1878	1482.4409
December	1496.6032	1466.8380	1483.5831