2024 MUR to PHP Historical Review

YEARLY HIGH

1.3135 PHP

YEARLY LOW

1.1907 PHP

YEARLY AVERAGE

1.2403 PHP

2024 MUR to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MUR to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 1.3135. Conversely, the yearly low was recorded on February 18, dropping to 1.1907.

This high-to-low spread represents a total annual volatility of 0.1228 PHP. From a start-to-finish perspective, comparing the January average rate of 1.2528 to the December average rate of 1.2473, the exchange rate registered a net change of -0.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.3135 was up 1.96% compared to the 2023 peak of 1.2882, 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 6,567 PHP

2023 Average 6,168 PHP

Yearly Trough Low 5,953 PHP

Transaction Impact: A difference of 613.99 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.2642

1.2139

JanuMarcMayJulySeptNove

MUR to PHP 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 1.2390, compared to 1.2417 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 1.2390

H2 Avg (Jul–Dec) 1.2417

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.1051 PHP (High: 1.3135 / Low: 1.2084). On the other end, September was the most stable month, with a tight range of 0.0163 PHP (High: 1.2268 / Low: 1.2106).

March Spread (Volatile) ±0.1051

September Spread (Stable) ±0.0163

Growth Streaks & Declines

Trends

Between March and June, 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 January and February, when the average rate fell by 0.0309 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0309

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 1.2181) against the same month in 2023 (average: 1.1782), the exchange rate shifted by +0.0399 (+3.39%).

2024 Avg (March) 1.2181

2023 Avg (March) 1.1782

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2711	1.2267	1.2528
February	1.2458	1.1907	1.2219
March	1.3135	1.2084	1.2181
April	1.2474	1.1937	1.2279
May	1.2716	1.2341	1.2531
June	1.2834	1.2375	1.2600
July	1.2597	1.2402	1.2512
August	1.2504	1.2108	1.2299
September	1.2268	1.2106	1.2183
October	1.2688	1.2116	1.2432
November	1.2758	1.2437	1.2600
December	1.2760	1.2324	1.2473