2024 CVE to MUR Historical Review

YEARLY HIGH

0.4687 MUR

YEARLY LOW

0.4192 MUR

YEARLY AVERAGE

0.4529 MUR

2024 CVE to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.4687. Conversely, the yearly low was recorded on March 12, dropping to 0.4192.

This high-to-low spread represents a total annual volatility of 0.0494 MUR. From a start-to-finish perspective, comparing the January average rate of 0.4417 to the December average rate of 0.4451, the exchange rate registered a net change of 0.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4687 was up 1.15% compared to the 2023 peak of 0.4634, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,343 MUR

2023 Average 2,209 MUR

Yearly Trough Low 2,096 MUR

Transaction Impact: A difference of 247.22 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4649

0.4396

JanuMarcMayJulySeptNove

CVE to MUR 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 0.4500, compared to 0.4558 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0058 points.

H1 Avg (Jan–Jun) 0.4500

H2 Avg (Jul–Dec) 0.4558

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0369 MUR (High: 0.4562 / Low: 0.4192). On the other end, September was the most stable month, with a tight range of 0.0067 MUR (High: 0.4665 / Low: 0.4598).

March Spread (Volatile) ±0.0369

September Spread (Stable) ±0.0067

Growth Streaks & Declines

Trends

Between May and September, 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 October and November, when the average rate fell by 0.0074 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0074

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.4618) against the same month in 2023 (average: 0.4499), the exchange rate shifted by +0.0119 (+2.64%).

2024 Avg (August) 0.4618

2023 Avg (August) 0.4499

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4516	0.4355	0.4417
February	0.4594	0.4403	0.4483
March	0.4562	0.4192	0.4521
April	0.4609	0.4477	0.4522
May	0.4542	0.4461	0.4513
June	0.4589	0.4495	0.4543
July	0.4622	0.4535	0.4595
August	0.4687	0.4559	0.4618
September	0.4665	0.4598	0.4628
October	0.4644	0.4482	0.4565
November	0.4590	0.4423	0.4490
December	0.4484	0.4413	0.4451