2024 FKP to MMK Historical Review

YEARLY HIGH

4199.3332 MMK

YEARLY LOW

2591.7935 MMK

YEARLY AVERAGE

2710.8575 MMK

2024 FKP to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the FKP to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 21, valuing the pair at 4199.3332. Conversely, the yearly low was recorded on April 20, dropping to 2591.7935.

This high-to-low spread represents a total annual volatility of 1607.5396 MMK. From a start-to-finish perspective, comparing the January average rate of 2668.2001 to the December average rate of 2650.7076, the exchange rate registered a net change of -0.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 4199.3332 was up 52.35% compared to the 2023 peak of 2756.3114, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 20,996,666 MMK

2023 Average 13,055,569 MMK

Yearly Trough Low 12,958,968 MMK

Transaction Impact: A difference of 8,037,698.24 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2960.3047

2595.6126

JanuMarcMayJulySeptNove

FKP 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 2674.6785, compared to 2747.0364 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 72.3578 points.

H1 Avg (Jan–Jun) 2674.6785

H2 Avg (Jul–Dec) 2747.0364

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 1505.9846 MMK (High: 4199.3332 / Low: 2693.3485). On the other end, January was the most stable month, with a tight range of 32.4173 MMK (High: 2684.0469 / Low: 2651.6296).

July Spread (Volatile) ±1505.9846

January Spread (Stable) ±32.4173

Growth Streaks & Declines

Trends

Between April and July, 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 213.6682 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -213.6682

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 2929.9137) against the same month in 2023 (average: 2701.3901), the exchange rate shifted by +228.5236 (+8.46%).

2024 Avg (July) 2929.9137

2023 Avg (July) 2701.3901

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2684.0469	2651.6296	2668.2001
February	2674.8608	2635.1271	2653.0187
March	2700.9681	2633.7151	2667.1406
April	2662.1184	2591.7935	2626.0036
May	2684.3308	2624.2121	2652.8047
June	3147.8064	2649.4664	2780.9036
July	4199.3332	2693.3485	2929.9137
August	2780.9480	2660.7516	2716.2454
September	2816.9544	2735.4038	2773.6732
October	2784.9052	2705.9062	2736.9402
November	2736.3885	2628.7927	2674.7381
December	2681.2427	2621.9133	2650.7076