2024 AFN to MMK Historical Review

YEARLY HIGH

45.9640 MMK

YEARLY LOW

27.9118 MMK

YEARLY AVERAGE

30.1011 MMK

2024 AFN to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AFN to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 20, valuing the pair at 45.9640. Conversely, the yearly low was recorded on February 3, dropping to 27.9118.

This high-to-low spread represents a total annual volatility of 18.0522 MMK. From a start-to-finish perspective, comparing the January average rate of 29.3589 to the December average rate of 30.2262, the exchange rate registered a net change of 2.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 45.9640 was up 51.13% compared to the 2023 peak of 30.4145, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 229,820 MMK

2023 Average 127,840 MMK

Yearly Trough Low 139,559 MMK

Transaction Impact: A difference of 90,260.78 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

32.5166

28.3615

JanuMarcMayJulySeptNove

AFN to MMK 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 29.4520, compared to 30.7502 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2982 points.

H1 Avg (Jan–Jun) 29.4520

H2 Avg (Jul–Dec) 30.7502

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 16.4101 MMK (High: 45.9640 / Low: 29.5539). On the other end, April was the most stable month, with a tight range of 0.4685 MMK (High: 29.5204 / Low: 29.0518).

July Spread (Volatile) ±16.4101

April Spread (Stable) ±0.4685

Growth Streaks & Declines

Trends

Between February and July, 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 July and August, when the average rate fell by 2.5366 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -2.5366

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 32.1704) against the same month in 2023 (average: 24.2156), the exchange rate shifted by +7.9548 (+32.85%).

2024 Avg (July) 32.1704

2023 Avg (July) 24.2156

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	30.0284	28.2021	29.3589
February	29.0934	27.9118	28.7078
March	29.4930	28.7647	29.0781
April	29.5204	29.0518	29.2423
May	29.7926	29.0237	29.2913
June	35.3874	29.2478	31.0336
July	45.9640	29.5539	32.1704
August	29.9714	29.4792	29.6338
September	30.8529	29.5493	30.1890
October	32.2325	30.4940	31.2815
November	31.3892	30.6971	31.0002
December	31.0815	29.7657	30.2262