2024 MUR to HNL Historical Review

YEARLY HIGH

0.5847 HNL

YEARLY LOW

0.5180 HNL

YEARLY AVERAGE

0.5383 HNL

2024 MUR to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MUR to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.5847. Conversely, the yearly low was recorded on April 15, dropping to 0.5180.

This high-to-low spread represents a total annual volatility of 0.0666 HNL. From a start-to-finish perspective, comparing the January average rate of 0.5527 to the December average rate of 0.5412, the exchange rate registered a net change of -2.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5847 was up 3.49% compared to the 2023 peak of 0.5650, 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 2,923 HNL

2023 Average 2,735 HNL

Yearly Trough Low 2,590 HNL

Transaction Impact: A difference of 333.22 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5549

0.5278

JanuMarcMayJulySeptNove

MUR to HNL 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 0.5385, compared to 0.5381 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) 0.5385

H2 Avg (Jul–Dec) 0.5381

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0537 HNL (High: 0.5847 / Low: 0.5309). On the other end, May was the most stable month, with a tight range of 0.0068 HNL (High: 0.5397 / Low: 0.5329).

March Spread (Volatile) ±0.0537

May Spread (Stable) ±0.0068

Growth Streaks & Declines

Trends

Between July and October, 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 0.0135 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0135

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.5386) against the same month in 2023 (average: 0.5303), the exchange rate shifted by +0.0084 (+1.58%).

2024 Avg (March) 0.5386

2023 Avg (March) 0.5303

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5622	0.5382	0.5527
February	0.5499	0.5251	0.5392
March	0.5847	0.5309	0.5386
April	0.5359	0.5180	0.5318
May	0.5397	0.5329	0.5365
June	0.5429	0.5240	0.5322
July	0.5328	0.5248	0.5300
August	0.5400	0.5259	0.5351
September	0.5448	0.5326	0.5400
October	0.5479	0.5357	0.5412
November	0.5490	0.5288	0.5408
December	0.5458	0.5357	0.5412