2024 MMK to ZAR Historical Review

YEARLY HIGH

0.0092 ZAR

YEARLY LOW

0.0056 ZAR

YEARLY AVERAGE

0.0087 ZAR

2024 MMK to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MMK to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 20, valuing the pair at 0.0092. Conversely, the yearly low was recorded on July 21, dropping to 0.0056.

This high-to-low spread represents a total annual volatility of 0.0036 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0089 to the December average rate of 0.0087, the exchange rate registered a net change of -2.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0092 was down 2.28% compared to the 2023 peak of 0.0094, 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 46 ZAR

2023 Average 44 ZAR

Yearly Trough Low 28 ZAR

Transaction Impact: A difference of 18.01 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0091

0.0080

JanuMarcMayJulySeptNove

MMK to ZAR 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 0.0089, compared to 0.0085 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0089

H2 Avg (Jul–Dec) 0.0085

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0032 ZAR (High: 0.0088 / Low: 0.0056). On the other end, October was the most stable month, with a tight range of 0.0002 ZAR (High: 0.0085 / Low: 0.0083).

July Spread (Volatile) ±0.0032

October Spread (Stable) ±0.0002

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 0.0003 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0090) against the same month in 2023 (average: 0.0087), the exchange rate shifted by +0.0003 (+3.90%).

2024 Avg (April) 0.0090

2023 Avg (April) 0.0087

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0091	0.0087	0.0089
February	0.0092	0.0089	0.0091
March	0.0091	0.0088	0.0090
April	0.0092	0.0088	0.0090
May	0.0090	0.0086	0.0088
June	0.0090	0.0073	0.0084
July	0.0088	0.0056	0.0081
August	0.0089	0.0084	0.0086
September	0.0086	0.0082	0.0084
October	0.0085	0.0083	0.0084
November	0.0087	0.0082	0.0086
December	0.0090	0.0084	0.0087