2024 MDL to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MDL to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MDL to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 184.8183. Conversely, the yearly low was recorded on December 28, dropping to 113.6412.
This high-to-low spread represents a total annual volatility of 71.1771 MMK. From a start-to-finish perspective, comparing the January average rate of 119.1551 to the December average rate of 114.5370, the exchange rate registered a net change of -3.88% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 184.8183 was up 51.48% compared to the 2023 peak of 122.0113, 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 MMK 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 119.4804, compared to 119.7973 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3169 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 66.6389 MMK (High: 184.8183 / Low: 118.1793). On the other end, May was the most stable month, with a tight range of 1.1593 MMK (High: 119.4688 / Low: 118.3095).
Growth Streaks & Declines
TrendsBetween 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 8.5931 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2024: 128.5890) against the same month in 2023 (average: 117.2453), the exchange rate shifted by +11.3437 (+9.68%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 121.5189 | 118.2746 | 119.1551 |
| February | 119.0548 | 117.2859 | 117.9921 |
| March | 119.6991 | 118.1791 | 118.8966 |
| April | 119.4435 | 116.9958 | 118.4323 |
| May | 119.4688 | 118.3095 | 118.8965 |
| June | 139.4330 | 117.4477 | 123.5097 |
| July | 184.8183 | 118.1793 | 128.5890 |
| August | 121.6099 | 118.3476 | 119.9959 |
| September | 121.4106 | 119.9311 | 120.7263 |
| October | 120.7812 | 116.6307 | 118.6596 |
| November | 118.0644 | 114.6871 | 116.2758 |
| December | 115.0852 | 113.6412 | 114.5370 |