2024 MUR to NPR Historical Review

YEARLY HIGH

3.1326 NPR

YEARLY LOW

2.7944 NPR

YEARLY AVERAGE

2.8979 NPR

2024 MUR to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MUR to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 3.1326. Conversely, the yearly low was recorded on April 15, dropping to 2.7944.

This high-to-low spread represents a total annual volatility of 0.3383 NPR. From a start-to-finish perspective, comparing the January average rate of 2.9766 to the December average rate of 2.9011, the exchange rate registered a net change of -2.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 3.1326 was up 2.80% compared to the 2023 peak of 3.0472, 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 15,663 NPR

2023 Average 14,647 NPR

Yearly Trough Low 13,972 NPR

Transaction Impact: A difference of 1,691.33 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.9881

2.8496

JanuMarcMayJulySeptNove

MUR to NPR 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 2.8993, compared to 2.8966 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 2.8993

H2 Avg (Jul–Dec) 2.8966

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.2611 NPR (High: 3.1326 / Low: 2.8715). On the other end, May was the most stable month, with a tight range of 0.0286 NPR (High: 2.9081 / Low: 2.8795).

March Spread (Volatile) ±0.2611

May Spread (Stable) ±0.0286

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 0.0798 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0798

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 2.8927) against the same month in 2023 (average: 2.8316), the exchange rate shifted by +0.0611 (+2.16%).

2024 Avg (March) 2.8927

2023 Avg (March) 2.8316

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.0541	2.8989	2.9766
February	2.9506	2.8258	2.8968
March	3.1326	2.8715	2.8927
April	2.8925	2.7944	2.8707
May	2.9081	2.8795	2.8925
June	2.9344	2.8219	2.8664
July	2.8790	2.8305	2.8611
August	2.9188	2.8399	2.8950
September	2.9323	2.8803	2.9157
October	2.9350	2.8828	2.9096
November	2.9381	2.8470	2.8969
December	2.9229	2.8704	2.9011