2024 GMD to MUR Historical Review

YEARLY HIGH

0.7040 MUR

YEARLY LOW

0.6225 MUR

YEARLY AVERAGE

0.6715 MUR

2024 GMD to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GMD to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 15, valuing the pair at 0.7040. Conversely, the yearly low was recorded on March 12, dropping to 0.6225.

This high-to-low spread represents a total annual volatility of 0.0815 MUR. From a start-to-finish perspective, comparing the January average rate of 0.6639 to the December average rate of 0.6523, the exchange rate registered a net change of -1.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7040 was down 9.44% compared to the 2023 peak of 0.7774, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,520 MUR

2023 Average 3,628 MUR

Yearly Trough Low 3,113 MUR

Transaction Impact: A difference of 407.35 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6927

0.6486

JanuMarcMayJulySeptNove

GMD 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 0.6784, compared to 0.6647 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0137 points.

H1 Avg (Jan–Jun) 0.6784

H2 Avg (Jul–Dec) 0.6647

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0613 MUR (High: 0.6838 / Low: 0.6225). On the other end, May was the most stable month, with a tight range of 0.0103 MUR (High: 0.6844 / Low: 0.6741).

March Spread (Volatile) ±0.0613

May Spread (Stable) ±0.0103

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0256 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0256

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.6842) against the same month in 2023 (average: 0.7300), the exchange rate shifted by -0.0458 (-6.27%).

2024 Avg (April) 0.6842

2023 Avg (April) 0.7300

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6804	0.6548	0.6639
February	0.6937	0.6669	0.6783
March	0.6838	0.6225	0.6758
April	0.7040	0.6791	0.6842
May	0.6844	0.6741	0.6804
June	0.6965	0.6756	0.6876
July	0.6964	0.6712	0.6890
August	0.6759	0.6500	0.6634
September	0.6708	0.6486	0.6612
October	0.6901	0.6553	0.6674
November	0.6680	0.6410	0.6548
December	0.6585	0.6459	0.6523