2024 JOD to MUR Historical Review

YEARLY HIGH

67.3555 MUR

YEARLY LOW

59.6266 MUR

YEARLY AVERAGE

65.1586 MUR

2024 JOD to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JOD to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 15, valuing the pair at 67.3555. Conversely, the yearly low was recorded on March 12, dropping to 59.6266.

This high-to-low spread represents a total annual volatility of 7.7289 MUR. From a start-to-finish perspective, comparing the January average rate of 62.9724 to the December average rate of 66.0448, the exchange rate registered a net change of 4.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 67.3555 was up 1.36% compared to the 2023 peak of 66.4505, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 336,778 MUR

2023 Average 317,959 MUR

Yearly Trough Low 298,133 MUR

Transaction Impact: A difference of 38,644.51 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

66.3521

62.6652

JanuMarcMayJulySeptNove

JOD 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 64.7871, compared to 65.5302 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7431 points.

H1 Avg (Jan–Jun) 64.7871

H2 Avg (Jul–Dec) 65.5302

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 5.8692 MUR (High: 65.4958 / Low: 59.6266). On the other end, May was the most stable month, with a tight range of 0.8648 MUR (High: 65.4297 / Low: 64.5648).

March Spread (Volatile) ±5.8692

May Spread (Stable) ±0.8648

Growth Streaks & Declines

Trends

Between January and April, 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 0.5755 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5755

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 65.5408) against the same month in 2023 (average: 63.6361), the exchange rate shifted by +1.9047 (+2.99%).

2024 Avg (April) 65.5408

2023 Avg (April) 63.6361

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	64.6767	62.0349	62.9724
February	66.2812	63.3813	64.6655
March	65.4958	59.6266	64.7581
April	67.3555	65.0444	65.5408
May	65.4297	64.5648	65.0502
June	66.6008	64.5992	65.7353
July	66.6008	65.6131	65.9420
August	65.9659	64.9781	65.3666
September	65.7965	64.3996	64.9037
October	65.7260	64.6968	65.2305
November	66.8876	64.6312	65.6935
December	66.5632	65.5056	66.0448