2024 MDL to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MDL to IDR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MDL to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 14, valuing the pair at 929.8336. Conversely, the yearly low was recorded on December 9, dropping to 864.0611.
This high-to-low spread represents a total annual volatility of 65.7726 IDR. From a start-to-finish perspective, comparing the January average rate of 886.4855 to the December average rate of 877.1159, the exchange rate registered a net change of -1.06% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 929.8336 was up 3.95% compared to the 2023 peak of 894.5313, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MDL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MDL to IDR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 899.7930, compared to 889.8363 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 9.9567 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 40.3920 IDR (High: 920.0534 / Low: 879.6615). On the other end, June was the most stable month, with a tight range of 15.7384 IDR (High: 929.8336 / Low: 914.0953).
Growth Streaks & Declines
TrendsBetween February and June, 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 August and September, when the average rate fell by 18.9168 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 923.4557) against the same month in 2023 (average: 835.0964), the exchange rate shifted by +88.3593 (+10.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 896.2649 | 876.3490 | 886.4855 |
| February | 887.7859 | 871.6909 | 879.9393 |
| March | 902.3186 | 880.5654 | 890.3209 |
| April | 922.1071 | 900.5662 | 908.7314 |
| May | 923.8980 | 898.9482 | 909.8250 |
| June | 929.8336 | 914.0953 | 923.4557 |
| July | 925.4891 | 909.1398 | 917.8301 |
| August | 920.0534 | 879.6615 | 901.1836 |
| September | 900.2099 | 869.9432 | 882.2668 |
| October | 900.6094 | 872.1459 | 882.7232 |
| November | 890.8234 | 866.9657 | 877.8980 |
| December | 890.3490 | 864.0611 | 877.1159 |