2024 MMK to LBP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MMK to LBP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MMK to LBP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 9, valuing the pair at 42.9637. Conversely, the yearly low was recorded on February 14, dropping to 7.1348.
This high-to-low spread represents a total annual volatility of 35.8289 LBP. From a start-to-finish perspective, comparing the January average rate of 7.1587 to the December average rate of 42.6702, the exchange rate registered a net change of 496.06% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 42.9637 was up 485.53% compared to the 2023 peak of 7.3376, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MMK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MMK to LBP 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 32.1926, compared to 42.2303 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 10.0377 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 35.5475 LBP (High: 42.6823 / Low: 7.1348). On the other end, January was the most stable month, with a tight range of 0.0275 LBP (High: 7.1702 / Low: 7.1427).
Growth Streaks & Declines
TrendsBetween July and October, 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 May and June, when the average rate fell by 1.5452 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 41.0968) against the same month in 2023 (average: 7.2024), the exchange rate shifted by +33.8944 (+470.60%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.1702 | 7.1427 | 7.1587 |
| February | 42.6823 | 7.1348 | 16.9479 |
| March | 42.7633 | 42.5216 | 42.6633 |
| April | 42.7060 | 42.5102 | 42.6472 |
| May | 42.7388 | 42.4240 | 42.6420 |
| June | 42.9637 | 36.0607 | 41.0968 |
| July | 42.7658 | 27.5602 | 39.9382 |
| August | 42.8353 | 42.3811 | 42.6543 |
| September | 42.7675 | 42.6156 | 42.6939 |
| October | 42.8517 | 42.6734 | 42.7178 |
| November | 42.9221 | 42.6090 | 42.7076 |
| December | 42.7437 | 42.5064 | 42.6702 |