2024 BMD to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BMD to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BMD to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 3247.0000. Conversely, the yearly low was recorded on May 19, dropping to 2089.0304.
This high-to-low spread represents a total annual volatility of 1157.9696 MMK. From a start-to-finish perspective, comparing the January average rate of 2099.5942 to the December average rate of 2098.0000, the exchange rate registered a net change of -0.08% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 3247.0000 was up 53.19% compared to the 2023 peak of 2119.5321, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BMD to MMK 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 2114.3541, compared to 2127.7238 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 13.3697 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 1149.0000 MMK (High: 3247.0000 / Low: 2098.0000). On the other end, December was the most stable month, with a tight range of 0.0000 MMK (High: 2098.0000 / Low: 2098.0000).
Growth Streaks & Declines
TrendsBetween March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 178.3427 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2024: 2276.3427) against the same month in 2023 (average: 2097.5035), the exchange rate shifted by +178.8393 (+8.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2105.9323 | 2094.1059 | 2099.5942 |
| February | 2119.2682 | 2095.7361 | 2100.3586 |
| March | 2105.5009 | 2090.6562 | 2098.8363 |
| April | 2105.2194 | 2094.2443 | 2099.1402 |
| May | 2103.9382 | 2089.0304 | 2099.3205 |
| June | 2481.9466 | 2096.2900 | 2188.8747 |
| July | 3247.0000 | 2098.0000 | 2276.3427 |
| August | 2098.0000 | 2098.0000 | 2098.0000 |
| September | 2098.0000 | 2098.0000 | 2098.0000 |
| October | 2098.0000 | 2098.0000 | 2098.0000 |
| November | 2098.0000 | 2098.0000 | 2098.0000 |
| December | 2098.0000 | 2098.0000 | 2098.0000 |