2024 MUR to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MUR to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MUR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 37.7131. Conversely, the yearly low was recorded on January 17, dropping to 19.3700.
This high-to-low spread represents a total annual volatility of 18.3431 NGN. From a start-to-finish perspective, comparing the January average rate of 20.4114 to the December average rate of 33.5491, the exchange rate registered a net change of 64.37% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 37.7131 was up 84.49% compared to the 2023 peak of 20.4422, 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 NGN 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 29.0039, compared to 34.5755 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.5715 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 15.6566 NGN (High: 35.2241 / Low: 19.5676). On the other end, November was the most stable month, with a tight range of 1.0813 NGN (High: 36.3667 / Low: 35.2853).
Growth Streaks & Declines
TrendsBetween April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 5.7835 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 33.3103) against the same month in 2023 (average: 9.8962), the exchange rate shifted by +23.4141 (+236.60%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 21.6680 | 19.3700 | 20.4114 |
| February | 35.2241 | 19.5676 | 29.9955 |
| March | 37.7131 | 30.0875 | 33.3103 |
| April | 30.5001 | 25.1562 | 27.5268 |
| May | 32.9555 | 26.6451 | 30.7554 |
| June | 32.9751 | 29.7881 | 32.0242 |
| July | 35.6147 | 30.0684 | 32.5373 |
| August | 35.6147 | 34.0463 | 34.4639 |
| September | 36.3723 | 34.0938 | 35.5276 |
| October | 36.2439 | 34.7703 | 35.4335 |
| November | 36.3667 | 35.2853 | 35.9414 |
| December | 36.1988 | 32.7375 | 33.5491 |