2024 XPF to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 XPF to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the XPF to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on August 23, valuing the pair at 42.9960. Conversely, the yearly low was recorded on April 16, dropping to 38.8506.
This high-to-low spread represents a total annual volatility of 4.1455 MGA. From a start-to-finish perspective, comparing the January average rate of 41.7276 to the December average rate of 41.2427, the exchange rate registered a net change of -1.16% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 42.9960 was up 0.52% compared to the 2023 peak of 42.7716, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 XPF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
XPF 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 40.5813, compared to 41.6735 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0922 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 1.9379 MGA (High: 41.3950 / Low: 39.4572). On the other end, February was the most stable month, with a tight range of 0.5481 MGA (High: 41.3718 / Low: 40.8236).
Growth Streaks & Declines
TrendsBetween 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 1.2026 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 42.1792) against the same month in 2023 (average: 41.1563), the exchange rate shifted by +1.0228 (+2.49%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 42.7371 | 40.8986 | 41.7276 |
| February | 41.3718 | 40.8236 | 41.0674 |
| March | 41.3950 | 39.4572 | 40.6984 |
| April | 39.9928 | 38.8506 | 39.4959 |
| May | 40.5410 | 39.7580 | 40.1659 |
| June | 40.7936 | 39.8831 | 40.3328 |
| July | 41.4500 | 40.2394 | 40.9799 |
| August | 42.9960 | 41.2190 | 42.1792 |
| September | 42.6052 | 41.8501 | 42.2938 |
| October | 42.2186 | 41.5477 | 41.9218 |
| November | 42.1800 | 40.7379 | 41.4239 |
| December | 41.6284 | 40.3569 | 41.2427 |