2024 MUR to NOK Historical Review

YEARLY HIGH

0.2487 NOK

YEARLY LOW

0.2223 NOK

YEARLY AVERAGE

0.2328 NOK

2024 MUR to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MUR to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.2487. Conversely, the yearly low was recorded on February 17, dropping to 0.2223.

This high-to-low spread represents a total annual volatility of 0.0264 NOK. From a start-to-finish perspective, comparing the January average rate of 0.2328 to the December average rate of 0.2398, the exchange rate registered a net change of 2.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2487 was down 2.02% compared to the 2023 peak of 0.2539, 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 1,244 NOK

2023 Average 1,171 NOK

Yearly Trough Low 1,112 NOK

Transaction Impact: A difference of 132.21 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2410

0.2267

JanuMarcMayJulySeptNove

MUR to NOK 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 0.2316, compared to 0.2340 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 0.2316

H2 Avg (Jul–Dec) 0.2340

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0214 NOK (High: 0.2487 / Low: 0.2273). On the other end, November was the most stable month, with a tight range of 0.0073 NOK (High: 0.2412 / Low: 0.2339).

March Spread (Volatile) ±0.0214

November Spread (Stable) ±0.0073

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0051 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0051

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.2313) against the same month in 2023 (average: 0.2268), the exchange rate shifted by +0.0045 (+1.98%).

2024 Avg (March) 0.2313

2023 Avg (March) 0.2268

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2374	0.2267	0.2328
February	0.2360	0.2223	0.2301
March	0.2487	0.2273	0.2313
April	0.2398	0.2290	0.2348
May	0.2380	0.2274	0.2329
June	0.2341	0.2242	0.2279
July	0.2367	0.2239	0.2310
August	0.2370	0.2266	0.2309
September	0.2358	0.2266	0.2307
October	0.2396	0.2285	0.2342
November	0.2412	0.2339	0.2372
December	0.2445	0.2366	0.2398