2024 MUR to CVE Historical Review

YEARLY HIGH

2.3853 CVE

YEARLY LOW

2.1337 CVE

YEARLY AVERAGE

2.2086 CVE

2024 MUR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MUR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 2.3853. Conversely, the yearly low was recorded on August 25, dropping to 2.1337.

This high-to-low spread represents a total annual volatility of 0.2516 CVE. From a start-to-finish perspective, comparing the January average rate of 2.2642 to the December average rate of 2.2467, the exchange rate registered a net change of -0.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.3853 was down 0.59% compared to the 2023 peak of 2.3994, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,926 CVE

2023 Average 11,321 CVE

Yearly Trough Low 10,668 CVE

Transaction Impact: A difference of 1,258.18 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.2745

2.1505

JanuMarcMayJulySeptNove

MUR to CVE 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 2.2226, compared to 2.1946 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0280 points.

H1 Avg (Jan–Jun) 2.2226

H2 Avg (Jul–Dec) 2.1946

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.1932 CVE (High: 2.3853 / Low: 2.1921). On the other end, September was the most stable month, with a tight range of 0.0310 CVE (High: 2.1746 / Low: 2.1436).

March Spread (Volatile) ±0.1932

September Spread (Stable) ±0.0310

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 January and February, when the average rate fell by 0.0335 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0335

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 2.2126) against the same month in 2023 (average: 2.2187), the exchange rate shifted by -0.0061 (-0.28%).

2024 Avg (March) 2.2126

2023 Avg (March) 2.2187

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2960	2.2142	2.2642
February	2.2714	2.1768	2.2307
March	2.3853	2.1921	2.2126
April	2.2335	2.1696	2.2114
May	2.2415	2.2015	2.2156
June	2.2246	2.1793	2.2013
July	2.2052	2.1634	2.1761
August	2.1937	2.1337	2.1656
September	2.1746	2.1436	2.1608
October	2.2314	2.1534	2.1910
November	2.2608	2.1786	2.2273
December	2.2658	2.2304	2.2467