2024 MMK to AFN Historical Review

YEARLY HIGH

0.0358 AFN

YEARLY LOW

0.0218 AFN

YEARLY AVERAGE

0.0333 AFN

2024 MMK to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MMK to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 0.0358. Conversely, the yearly low was recorded on July 20, dropping to 0.0218.

This high-to-low spread represents a total annual volatility of 0.0141 AFN. From a start-to-finish perspective, comparing the January average rate of 0.0341 to the December average rate of 0.0331, the exchange rate registered a net change of -2.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0358 was down 17.74% compared to the 2023 peak of 0.0436, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 179 AFN

2023 Average 197 AFN

Yearly Trough Low 109 AFN

Transaction Impact: A difference of 70.35 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0352

0.0312

JanuMarcMayJulySeptNove

MMK to AFN 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 0.0340, compared to 0.0326 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0340

H2 Avg (Jul–Dec) 0.0326

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0121 AFN (High: 0.0338 / Low: 0.0218). On the other end, April was the most stable month, with a tight range of 0.0005 AFN (High: 0.0344 / Low: 0.0339).

July Spread (Volatile) ±0.0121

April Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between October and December, 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 May and June, when the average rate fell by 0.0018 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.0348) against the same month in 2023 (average: 0.0427), the exchange rate shifted by -0.0078 (-18.39%).

2024 Avg (February) 0.0348

2023 Avg (February) 0.0427

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0355	0.0333	0.0341
February	0.0358	0.0344	0.0348
March	0.0348	0.0339	0.0344
April	0.0344	0.0339	0.0342
May	0.0345	0.0336	0.0341
June	0.0342	0.0283	0.0324
July	0.0338	0.0218	0.0316
August	0.0339	0.0334	0.0337
September	0.0338	0.0324	0.0331
October	0.0328	0.0310	0.0320
November	0.0326	0.0319	0.0323
December	0.0336	0.0322	0.0331