2024 MUR to FJD Historical Review

YEARLY HIGH

0.0528 FJD

YEARLY LOW

0.0474 FJD

YEARLY AVERAGE

0.0487 FJD

2024 MUR to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MUR to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.0528. Conversely, the yearly low was recorded on July 3, dropping to 0.0474.

This high-to-low spread represents a total annual volatility of 0.0054 FJD. From a start-to-finish perspective, comparing the January average rate of 0.0500 to the December average rate of 0.0493, the exchange rate registered a net change of -1.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0528 was up 1.21% compared to the 2023 peak of 0.0522, 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 264 FJD

2023 Average 247 FJD

Yearly Trough Low 237 FJD

Transaction Impact: A difference of 26.92 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0502

0.0478

JanuMarcMayJulySeptNove

MUR to FJD 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 0.0490, compared to 0.0484 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0490

H2 Avg (Jul–Dec) 0.0484

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0042 FJD (High: 0.0528 / Low: 0.0486). On the other end, May was the most stable month, with a tight range of 0.0011 FJD (High: 0.0494 / Low: 0.0483).

March Spread (Volatile) ±0.0042

May Spread (Stable) ±0.0011

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 0.0009 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.0491) against the same month in 2023 (average: 0.0477), the exchange rate shifted by +0.0013 (+2.74%).

2024 Avg (March) 0.0491

2023 Avg (March) 0.0477

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0511	0.0487	0.0500
February	0.0498	0.0477	0.0491
March	0.0528	0.0486	0.0491
April	0.0494	0.0476	0.0488
May	0.0494	0.0483	0.0489
June	0.0493	0.0474	0.0483
July	0.0486	0.0474	0.0480
August	0.0489	0.0475	0.0482
September	0.0486	0.0475	0.0480
October	0.0494	0.0474	0.0483
November	0.0497	0.0480	0.0487
December	0.0500	0.0486	0.0493