2024 MUR to IRR Historical Review

YEARLY HIGH

994.6933 IRR

YEARLY LOW

881.1827 IRR

YEARLY AVERAGE

911.3924 IRR

2024 MUR to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MUR to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 994.6933. Conversely, the yearly low was recorded on April 15, dropping to 881.1827.

This high-to-low spread represents a total annual volatility of 113.5106 IRR. From a start-to-finish perspective, comparing the January average rate of 941.3444 to the December average rate of 900.5858, the exchange rate registered a net change of -4.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 994.6933 was up 3.35% compared to the 2023 peak of 962.4402, 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 4,973,467 IRR

2023 Average 4,681,905 IRR

Yearly Trough Low 4,405,913 IRR

Transaction Impact: A difference of 567,553.22 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

945.4203

896.5100

JanuMarcMayJulySeptNove

MUR to IRR 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 916.1233, compared to 906.6616 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 9.4617 points.

H1 Avg (Jan–Jun) 916.1233

H2 Avg (Jul–Dec) 906.6616

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 89.0827 IRR (High: 994.6933 / Low: 905.6106). On the other end, May was the most stable month, with a tight range of 11.8913 IRR (High: 918.9972 / Low: 907.1059).

March Spread (Volatile) ±89.0827

May Spread (Stable) ±11.8913

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 24.4126 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -24.4126

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 916.0033) against the same month in 2023 (average: 907.6544), the exchange rate shifted by +8.3489 (+0.92%).

2024 Avg (March) 916.0033

2023 Avg (March) 907.6544

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	955.1908	916.6181	941.3444
February	935.3727	894.2553	916.9318
March	994.6933	905.6106	916.0033
April	912.2208	881.1827	905.7035
May	918.9972	907.1059	912.8215
June	919.4560	891.9492	903.9351
July	905.2924	891.9491	900.9341
August	914.3323	900.6416	908.7586
September	922.5461	902.6914	915.4409
October	917.6478	903.5530	910.6391
November	918.7213	887.7293	903.6108
December	908.6022	894.5271	900.5858