2024 MUR to SGD Historical Review

YEARLY HIGH

0.0315 SGD

YEARLY LOW

0.0279 SGD

YEARLY AVERAGE

0.0289 SGD

2024 MUR to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MUR to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.0315. Conversely, the yearly low was recorded on September 28, dropping to 0.0279.

This high-to-low spread represents a total annual volatility of 0.0037 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0299 to the December average rate of 0.0288, the exchange rate registered a net change of -3.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0315 was up 1.67% compared to the 2023 peak of 0.0310, 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 158 SGD

2023 Average 149 SGD

Yearly Trough Low 139 SGD

Transaction Impact: A difference of 18.34 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0301

0.0280

JanuMarcMayJulySeptNove

MUR to SGD 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 0.0293, compared to 0.0285 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.0293

H2 Avg (Jul–Dec) 0.0285

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0025 SGD (High: 0.0315 / Low: 0.0290). On the other end, May was the most stable month, with a tight range of 0.0002 SGD (High: 0.0294 / Low: 0.0292).

March Spread (Volatile) ±0.0025

May Spread (Stable) ±0.0002

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 January and February, when the average rate fell by 0.0006 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.0292) against the same month in 2023 (average: 0.0289), the exchange rate shifted by +0.0004 (+1.24%).

2024 Avg (March) 0.0292

2023 Avg (March) 0.0289

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0303	0.0292	0.0299
February	0.0297	0.0286	0.0293
March	0.0315	0.0290	0.0292
April	0.0294	0.0285	0.0292
May	0.0294	0.0292	0.0293
June	0.0295	0.0287	0.0290
July	0.0291	0.0286	0.0288
August	0.0287	0.0281	0.0284
September	0.0284	0.0279	0.0282
October	0.0288	0.0279	0.0283
November	0.0290	0.0284	0.0287
December	0.0293	0.0287	0.0288