2024 MUR to MVR Historical Review

YEARLY HIGH

0.3649 MVR

YEARLY LOW

0.3119 MVR

YEARLY AVERAGE

0.3335 MVR

2024 MUR to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MUR to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.3649. Conversely, the yearly low was recorded on May 2, dropping to 0.3119.

This high-to-low spread represents a total annual volatility of 0.0531 MVR. From a start-to-finish perspective, comparing the January average rate of 0.3448 to the December average rate of 0.3290, the exchange rate registered a net change of -4.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3649 was up 3.20% compared to the 2023 peak of 0.3536, 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 1,825 MVR

2023 Average 1,705 MVR

Yearly Trough Low 1,559 MVR

Transaction Impact: A difference of 265.28 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3464

0.3274

JanuMarcMayJulySeptNove

MUR to MVR 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 0.3357, compared to 0.3313 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0045 points.

H1 Avg (Jan–Jun) 0.3357

H2 Avg (Jul–Dec) 0.3313

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0322 MVR (High: 0.3649 / Low: 0.3328). On the other end, July was the most stable month, with a tight range of 0.0048 MVR (High: 0.3313 / Low: 0.3265).

March Spread (Volatile) ±0.0322

July Spread (Stable) ±0.0048

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 0.0090 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0090

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.3363) against the same month in 2023 (average: 0.3310), the exchange rate shifted by +0.0053 (+1.60%).

2024 Avg (March) 0.3363

2023 Avg (March) 0.3310

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3497	0.3357	0.3448
February	0.3426	0.3276	0.3358
March	0.3649	0.3328	0.3363
April	0.3351	0.3235	0.3327
May	0.3378	0.3119	0.3345
June	0.3363	0.3234	0.3304
July	0.3313	0.3265	0.3294
August	0.3346	0.3286	0.3320
September	0.3363	0.3292	0.3339
October	0.3346	0.3295	0.3321
November	0.3360	0.3257	0.3314
December	0.3328	0.3263	0.3290