2024 MOP to ZAR Historical Review

YEARLY HIGH

2.3983 ZAR

YEARLY LOW

2.1359 ZAR

YEARLY AVERAGE

2.2812 ZAR

2024 MOP to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MOP to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 2.3983. Conversely, the yearly low was recorded on September 29, dropping to 2.1359.

This high-to-low spread represents a total annual volatility of 0.2624 ZAR. From a start-to-finish perspective, comparing the January average rate of 2.3293 to the December average rate of 2.2793, the exchange rate registered a net change of -2.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.3983 was down 2.23% compared to the 2023 peak of 2.4530, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,992 ZAR

2023 Average 11,447 ZAR

Yearly Trough Low 10,680 ZAR

Transaction Impact: A difference of 1,312.15 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.3776

2.1752

JanuMarcMayJulySeptNove

MOP 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 2.3251, compared to 2.2374 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0877 points.

H1 Avg (Jan–Jun) 2.3251

H2 Avg (Jul–Dec) 2.2374

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.1488 ZAR (High: 2.3625 / Low: 2.2136). On the other end, October was the most stable month, with a tight range of 0.0574 ZAR (High: 2.2234 / Low: 2.1660).

December Spread (Volatile) ±0.1488

October Spread (Stable) ±0.0574

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 August and September, when the average rate fell by 0.0590 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0590

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 2.3607) against the same month in 2023 (average: 2.2177), the exchange rate shifted by +0.1430 (+6.45%).

2024 Avg (February) 2.3607

2023 Avg (February) 2.2177

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3859	2.2711	2.3293
February	2.3983	2.3115	2.3607
March	2.3765	2.3046	2.3412
April	2.3968	2.2876	2.3423
May	2.3347	2.2468	2.2888
June	2.3614	2.2294	2.2882
July	2.3118	2.2328	2.2668
August	2.3313	2.2041	2.2511
September	2.2367	2.1359	2.1921
October	2.2234	2.1660	2.1942
November	2.2810	2.1622	2.2409
December	2.3625	2.2136	2.2793