2024 TOP to MGA Historical Review

YEARLY HIGH

1982.6719 MGA

YEARLY LOW

1824.3809 MGA

YEARLY AVERAGE

1914.6495 MGA

2024 TOP to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TOP to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1982.6719. Conversely, the yearly low was recorded on April 3, dropping to 1824.3809.

This high-to-low spread represents a total annual volatility of 158.2910 MGA. From a start-to-finish perspective, comparing the January average rate of 1937.6241 to the December average rate of 1962.6600, the exchange rate registered a net change of 1.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1982.6719 was up 0.09% compared to the 2023 peak of 1980.8831, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,913,360 MGA

2023 Average 9,421,445 MGA

Yearly Trough Low 9,121,905 MGA

Transaction Impact: A difference of 791,454.89 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1974.5525

1831.8425

JanuMarcMayJulySeptNove

TOP 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 1892.0596, compared to 1937.2394 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 45.1797 points.

H1 Avg (Jan–Jun) 1892.0596

H2 Avg (Jul–Dec) 1937.2394

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 78.2812 MGA (High: 1910.7409 / Low: 1832.4597). On the other end, October was the most stable month, with a tight range of 24.6003 MGA (High: 1959.0131 / Low: 1934.4128).

March Spread (Volatile) ±78.2812

October Spread (Stable) ±24.6003

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 42.5065 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -42.5065

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 1937.6241) against the same month in 2023 (average: 1888.0574), the exchange rate shifted by +49.5666 (+2.63%).

2024 Avg (January) 1937.6241

2023 Avg (January) 1888.0574

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1982.6719	1911.4907	1937.6241
February	1929.6050	1894.0382	1917.3705
March	1910.7409	1832.4597	1886.2416
April	1866.9945	1824.3809	1843.7350
May	1890.6082	1850.7233	1871.6423
June	1916.7909	1879.9099	1895.7445
July	1914.2338	1887.7503	1903.9147
August	1959.3584	1897.3362	1931.2015
September	1952.5741	1926.6302	1937.2957
October	1959.0131	1934.4128	1943.1660
November	1960.3021	1931.4349	1945.1983
December	1974.7109	1943.1638	1962.6600