2024 MUR to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MUR to IDR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MUR to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 368.1341. Conversely, the yearly low was recorded on September 29, dropping to 329.1515.
This high-to-low spread represents a total annual volatility of 38.9826 IDR. From a start-to-finish perspective, comparing the January average rate of 349.6970 to the December average rate of 342.9988, the exchange rate registered a net change of -1.92% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 368.1341 was up 2.32% compared to the 2023 peak of 359.7980, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MUR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MUR to IDR 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 346.6811, compared to 340.3019 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.3792 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 29.2317 IDR (High: 368.1341 / Low: 338.9024). On the other end, July was the most stable month, with a tight range of 6.2946 IDR (High: 350.8416 / Low: 344.5469).
Growth Streaks & Declines
TrendsBetween February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 8.0576 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 342.4153) against the same month in 2023 (average: 329.2886), the exchange rate shifted by +13.1267 (+3.99%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 355.4075 | 342.2815 | 349.6970 |
| February | 350.0140 | 333.0979 | 341.6394 |
| March | 368.1341 | 338.9024 | 342.4153 |
| April | 351.0447 | 336.8086 | 346.7367 |
| May | 353.2182 | 345.3439 | 348.3947 |
| June | 355.4822 | 346.3901 | 351.2033 |
| July | 350.8416 | 344.5469 | 347.7014 |
| August | 349.7297 | 333.5759 | 340.1413 |
| September | 336.4872 | 329.1515 | 333.3385 |
| October | 341.6026 | 330.9302 | 337.5857 |
| November | 345.6327 | 335.2928 | 340.0457 |
| December | 348.9739 | 340.1181 | 342.9988 |