2024 MMK to SAR Historical Review

YEARLY HIGH

0.0018 SAR

YEARLY LOW

0.0012 SAR

YEARLY AVERAGE

0.0018 SAR

2024 MMK to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MMK to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 19, valuing the pair at 0.0018. Conversely, the yearly low was recorded on July 19, dropping to 0.0012.

This high-to-low spread represents a total annual volatility of 0.0006 SAR. From a start-to-finish perspective, comparing the January average rate of 0.0018 to the December average rate of 0.0018, the exchange rate registered a net change of 0.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0018 was down 1.04% compared to the 2023 peak of 0.0018, 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 9 SAR

2023 Average 9 SAR

Yearly Trough Low 6 SAR

Transaction Impact: A difference of 3.20 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0018

0.0017

JanuMarcMayJulySeptNove

MMK to SAR 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 0.0018, compared to 0.0018 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0018

H2 Avg (Jul–Dec) 0.0018

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0006 SAR (High: 0.0018 / Low: 0.0012). On the other end, November was the most stable month, with a tight range of 0.0000 SAR (High: 0.0018 / Low: 0.0018).

July Spread (Volatile) ±0.0006

November Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between September and December, 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 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.0018) against the same month in 2023 (average: 0.0018), the exchange rate shifted by -0.0000 (-0.01%).

2024 Avg (May) 0.0018

2023 Avg (May) 0.0018

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0018	0.0018	0.0018
February	0.0018	0.0018	0.0018
March	0.0018	0.0018	0.0018
April	0.0018	0.0018	0.0018
May	0.0018	0.0018	0.0018
June	0.0018	0.0015	0.0017
July	0.0018	0.0012	0.0017
August	0.0018	0.0018	0.0018
September	0.0018	0.0018	0.0018
October	0.0018	0.0018	0.0018
November	0.0018	0.0018	0.0018
December	0.0018	0.0018	0.0018