2024 BOB to MYR Historical Review

YEARLY HIGH

0.6944 MYR

YEARLY LOW

0.5948 MYR

YEARLY AVERAGE

0.6619 MYR

2024 BOB to MYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BOB to MYR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 0.6944. Conversely, the yearly low was recorded on September 30, dropping to 0.5948.

This high-to-low spread represents a total annual volatility of 0.0996 MYR. From a start-to-finish perspective, comparing the January average rate of 0.6777 to the December average rate of 0.6456, the exchange rate registered a net change of -4.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6944 was up 0.18% compared to the 2023 peak of 0.6932, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,472 MYR

2023 Average 3,301 MYR

Yearly Trough Low 2,974 MYR

Transaction Impact: A difference of 498.01 MYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6969

0.6088

JanuMarcMayJulySeptNove

BOB to MYR 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 0.6838, compared to 0.6401 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0438 points.

H1 Avg (Jan–Jun) 0.6838

H2 Avg (Jul–Dec) 0.6401

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0396 MYR (High: 0.6618 / Low: 0.6222). On the other end, June was the most stable month, with a tight range of 0.0102 MYR (High: 0.6847 / Low: 0.6744).

August Spread (Volatile) ±0.0396

June Spread (Stable) ±0.0102

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0384 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0384

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.6895) against the same month in 2023 (average: 0.6317), the exchange rate shifted by +0.0578 (+9.16%).

2024 Avg (February) 0.6895

2023 Avg (February) 0.6317

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6857	0.6631	0.6777
February	0.6944	0.6765	0.6895
March	0.6890	0.6761	0.6828
April	0.6926	0.6823	0.6885
May	0.6907	0.6771	0.6827
June	0.6847	0.6744	0.6816
July	0.6834	0.6651	0.6777
August	0.6618	0.6222	0.6393
September	0.6322	0.5948	0.6161
October	0.6331	0.6032	0.6211
November	0.6510	0.6279	0.6406
December	0.6550	0.6389	0.6456