2024 TRY to MGA Historical Review

YEARLY HIGH

156.3722 MGA

YEARLY LOW

132.0830 MGA

YEARLY AVERAGE

138.1385 MGA

2024 TRY to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 156.3722. Conversely, the yearly low was recorded on December 30, dropping to 132.0830.

This high-to-low spread represents a total annual volatility of 24.2892 MGA. From a start-to-finish perspective, comparing the January average rate of 151.6741 to the December average rate of 134.2660, the exchange rate registered a net change of -11.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 156.3722 was down 35.40% compared to the 2023 peak of 242.0532, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 7,818,612 MGA

2023 Average 9,610,900 MGA

Yearly Trough Low 6,604,151 MGA

Transaction Impact: A difference of 1,214,461.38 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

153.5065

131.5173

JanuMarcMayJulySeptNove

TRY 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 141.4645, compared to 134.8126 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.6519 points.

H1 Avg (Jan–Jun) 141.4645

H2 Avg (Jul–Dec) 134.8126

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 9.6324 MGA (High: 144.1547 / Low: 134.5222). On the other end, November was the most stable month, with a tight range of 1.6515 MGA (High: 135.7780 / Low: 134.1265).

March Spread (Volatile) ±9.6324

November Spread (Stable) ±1.6515

Growth Streaks & Declines

Trends

Between September and November, 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 February and March, when the average rate fell by 8.0144 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -8.0144

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 151.6741) against the same month in 2023 (average: 234.2151), the exchange rate shifted by -82.5410 (-35.24%).

2024 Avg (January) 151.6741

2023 Avg (January) 234.2151

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	156.3722	148.7634	151.6741
February	149.2211	144.6008	147.3712
March	144.1547	134.5222	139.3568
April	137.5840	134.2532	135.8379
May	138.2503	136.4163	137.3592
June	138.8533	135.6276	137.1875
July	138.2444	134.7666	136.8482
August	137.5713	133.4630	135.4818
September	134.1934	132.2842	133.3497
October	134.7701	132.6459	133.9929
November	135.7780	134.1265	134.9370
December	135.2818	132.0830	134.2660