2024 TWD to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 TWD to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the TWD to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 150.5977. Conversely, the yearly low was recorded on April 16, dropping to 134.2544.
This high-to-low spread represents a total annual volatility of 16.3433 MGA. From a start-to-finish perspective, comparing the January average rate of 146.3275 to the December average rate of 144.2765, the exchange rate registered a net change of -1.40% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 150.5977 was up 0.09% compared to the 2023 peak of 150.4621, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TWD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
TWD 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 140.5039, compared to 142.1664 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6625 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 6.9720 MGA (High: 143.5204 / Low: 136.5484). On the other end, May was the most stable month, with a tight range of 2.0412 MGA (High: 138.3091 / Low: 136.2679).
Growth Streaks & Declines
TrendsBetween 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 5.1193 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 146.3275) against the same month in 2023 (average: 144.7252), the exchange rate shifted by +1.6023 (+1.11%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 150.5977 | 144.2151 | 146.3275 |
| February | 145.3634 | 142.7048 | 144.4661 |
| March | 143.5204 | 136.5484 | 141.0218 |
| April | 137.1151 | 134.2544 | 135.9025 |
| May | 138.3091 | 136.2679 | 137.2442 |
| June | 139.7004 | 136.6805 | 138.0613 |
| July | 139.9039 | 136.9184 | 138.0648 |
| August | 143.9640 | 138.8306 | 141.6394 |
| September | 144.0646 | 141.2003 | 142.1711 |
| October | 144.6528 | 141.2687 | 143.0307 |
| November | 144.6356 | 142.1908 | 143.8157 |
| December | 145.5738 | 142.2475 | 144.2765 |