2024 MUR to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MUR to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MUR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 3.2151. Conversely, the yearly low was recorded on November 18, dropping to 2.8985.
This high-to-low spread represents a total annual volatility of 0.3166 ISK. From a start-to-finish perspective, comparing the January average rate of 3.0649 to the December average rate of 2.9608, the exchange rate registered a net change of -3.40% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 3.2151 was down 2.94% compared to the 2023 peak of 3.3126, 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 ISK 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 3.0109, compared to 2.9635 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0473 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 0.2698 ISK (High: 3.2151 / Low: 2.9453). On the other end, July was the most stable month, with a tight range of 0.0463 ISK (High: 2.9720 / Low: 2.9256).
Growth Streaks & Declines
TrendsBetween 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 0.0608 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 2.9893) against the same month in 2023 (average: 3.0118), the exchange rate shifted by -0.0225 (-0.75%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.1286 | 2.9838 | 3.0649 |
| February | 3.0433 | 2.9362 | 3.0041 |
| March | 3.2151 | 2.9453 | 2.9893 |
| April | 3.0509 | 2.9666 | 3.0194 |
| May | 3.0272 | 2.9691 | 3.0102 |
| June | 3.0297 | 2.9347 | 2.9773 |
| July | 2.9720 | 2.9256 | 2.9468 |
| August | 3.0084 | 2.9506 | 2.9737 |
| September | 3.0039 | 2.9404 | 2.9769 |
| October | 3.0144 | 2.9051 | 2.9595 |
| November | 3.0075 | 2.8985 | 2.9636 |
| December | 3.0013 | 2.9395 | 2.9608 |