2024 MOP to LRD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MOP to LRD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MOP to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 20, valuing the pair at 24.9157. Conversely, the yearly low was recorded on December 4, dropping to 22.3114.
This high-to-low spread represents a total annual volatility of 2.6043 LRD. From a start-to-finish perspective, comparing the January average rate of 23.4949 to the December average rate of 22.5619, the exchange rate registered a net change of -3.97% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 24.9157 was up 5.97% compared to the 2023 peak of 23.5121, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MOP to LRD 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 23.8534, compared to 23.7808 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0726 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 1.6469 LRD (High: 23.9826 / Low: 22.3357). On the other end, July was the most stable month, with a tight range of 0.1439 LRD (High: 24.3010 / Low: 24.1572).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.9748 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 24.3669) against the same month in 2023 (average: 23.1106), the exchange rate shifted by +1.2564 (+5.44%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.6359 | 23.3574 | 23.4949 |
| February | 23.7566 | 23.3902 | 23.6395 |
| March | 24.0294 | 23.7819 | 23.8925 |
| April | 24.0249 | 23.3160 | 23.9046 |
| May | 24.2039 | 24.0016 | 24.0635 |
| June | 24.1849 | 24.0177 | 24.1253 |
| July | 24.3010 | 24.1572 | 24.2382 |
| August | 24.7109 | 24.2465 | 24.3683 |
| September | 24.9157 | 24.1941 | 24.3669 |
| October | 24.2323 | 23.9696 | 24.0623 |
| November | 23.9826 | 22.3357 | 23.0874 |
| December | 23.0015 | 22.3114 | 22.5619 |