2024 ZAR to MGA Historical Review

YEARLY HIGH

266.5402 MGA

YEARLY LOW

227.9899 MGA

YEARLY AVERAGE

247.6523 MGA

2024 ZAR to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 7, valuing the pair at 266.5402. Conversely, the yearly low was recorded on April 20, dropping to 227.9899.

This high-to-low spread represents a total annual volatility of 38.5503 MGA. From a start-to-finish perspective, comparing the January average rate of 243.4261 to the December average rate of 257.7154, the exchange rate registered a net change of 5.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 266.5402 was down 1.32% compared to the 2023 peak of 270.0990, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,327,009 MGA

2023 Average 12,070,893 MGA

Yearly Trough Low 11,399,494 MGA

Transaction Impact: A difference of 1,927,515.40 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

264.1021

229.9435

JanuMarcMayJulySeptNove

ZAR 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 239.2765, compared to 256.0281 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 16.7516 points.

H1 Avg (Jan–Jun) 239.2765

H2 Avg (Jul–Dec) 256.0281

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 17.4725 MGA (High: 265.8518 / Low: 248.3792). On the other end, October was the most stable month, with a tight range of 4.0808 MGA (High: 263.6851 / Low: 259.6043).

December Spread (Volatile) ±17.4725

October Spread (Stable) ±4.0808

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 4.7273 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -4.7273

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 259.0083) against the same month in 2023 (average: 243.5606), the exchange rate shifted by +15.4477 (+6.34%).

2024 Avg (November) 259.0083

2023 Avg (November) 243.5606

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	252.1482	237.0604	243.4261
February	244.3352	234.3514	238.6988
March	242.8908	229.8533	236.9217
April	238.2774	227.9899	232.7900
May	244.8495	236.2291	240.7794
June	251.5137	235.6456	243.0430
July	250.3240	240.9548	247.1571
August	258.3998	244.6593	252.7910
September	265.8891	253.3166	258.2414
October	263.6851	259.6043	261.2556
November	266.5402	254.8351	259.0083
December	265.8518	248.3792	257.7154