2024 MUR to NZD Historical Review

YEARLY HIGH

0.0385 NZD

YEARLY LOW

0.0343 NZD

YEARLY AVERAGE

0.0358 NZD

2024 MUR to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MUR to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.0385. Conversely, the yearly low was recorded on September 29, dropping to 0.0343.

This high-to-low spread represents a total annual volatility of 0.0042 NZD. From a start-to-finish perspective, comparing the January average rate of 0.0363 to the December average rate of 0.0372, the exchange rate registered a net change of 2.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0385 was down 1.15% compared to the 2023 peak of 0.0389, 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 192 NZD

2023 Average 181 NZD

Yearly Trough Low 171 NZD

Transaction Impact: A difference of 21.01 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0374

0.0347

JanuMarcMayJulySeptNove

MUR to NZD 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 0.0358, compared to 0.0358 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0358

H2 Avg (Jul–Dec) 0.0358

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0032 NZD (High: 0.0385 / Low: 0.0353). On the other end, May was the most stable month, with a tight range of 0.0011 NZD (High: 0.0363 / Low: 0.0353).

March Spread (Volatile) ±0.0032

May Spread (Stable) ±0.0011

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 0.0007 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.0359) against the same month in 2023 (average: 0.0347), the exchange rate shifted by +0.0012 (+3.41%).

2024 Avg (March) 0.0359

2023 Avg (March) 0.0347

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0371	0.0353	0.0363
February	0.0365	0.0347	0.0356
March	0.0385	0.0353	0.0359
April	0.0367	0.0355	0.0362
May	0.0363	0.0353	0.0357
June	0.0358	0.0346	0.0350
July	0.0366	0.0347	0.0355
August	0.0362	0.0345	0.0355
September	0.0354	0.0343	0.0349
October	0.0363	0.0345	0.0356
November	0.0371	0.0358	0.0363
December	0.0382	0.0364	0.0372