2024 MUR to TRY Historical Review

YEARLY HIGH

0.7603 TRY

YEARLY LOW

0.6562 TRY

YEARLY AVERAGE

0.7118 TRY

2024 MUR to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MUR to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.7603. Conversely, the yearly low was recorded on February 17, dropping to 0.6562.

This high-to-low spread represents a total annual volatility of 0.1040 TRY. From a start-to-finish perspective, comparing the January average rate of 0.6737 to the December average rate of 0.7473, the exchange rate registered a net change of 10.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7603 was up 12.93% compared to the 2023 peak of 0.6732, 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 3,801 TRY

2023 Average 2,645 TRY

Yearly Trough Low 3,281 TRY

Transaction Impact: A difference of 520.23 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7548

0.6644

JanuMarcMayJulySeptNove

MUR to TRY 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 0.6901, compared to 0.7335 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0434 points.

H1 Avg (Jan–Jun) 0.6901

H2 Avg (Jul–Dec) 0.7335

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0747 TRY (High: 0.7603 / Low: 0.6855). On the other end, May was the most stable month, with a tight range of 0.0079 TRY (High: 0.7044 / Low: 0.6964).

March Spread (Volatile) ±0.0747

May Spread (Stable) ±0.0079

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0019 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.6985) against the same month in 2023 (average: 0.4090), the exchange rate shifted by +0.2895 (+70.77%).

2024 Avg (March) 0.6985

2023 Avg (March) 0.4090

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6828	0.6617	0.6737
February	0.6842	0.6562	0.6720
March	0.7603	0.6855	0.6985
April	0.7030	0.6791	0.6966
May	0.7044	0.6964	0.6998
June	0.7078	0.6936	0.6997
July	0.7118	0.6915	0.7045
August	0.7395	0.7098	0.7275
September	0.7487	0.7292	0.7407
October	0.7472	0.7357	0.7410
November	0.7496	0.7291	0.7399
December	0.7533	0.7427	0.7473