2024 MUR to ZAR Historical Review

YEARLY HIGH

0.4418 ZAR

YEARLY LOW

0.3722 ZAR

YEARLY AVERAGE

0.3970 ZAR

2024 MUR to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MUR to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.4418. Conversely, the yearly low was recorded on September 29, dropping to 0.3722.

This high-to-low spread represents a total annual volatility of 0.0696 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.4198 to the December average rate of 0.3895, the exchange rate registered a net change of -7.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4418 was up 0.11% compared to the 2023 peak of 0.4413, 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 2,209 ZAR

2023 Average 2,046 ZAR

Yearly Trough Low 1,861 ZAR

Transaction Impact: A difference of 347.96 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4238

0.3761

JanuMarcMayJulySeptNove

MUR to ZAR 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 0.4077, compared to 0.3863 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0215 points.

H1 Avg (Jan–Jun) 0.4077

H2 Avg (Jul–Dec) 0.3863

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0381 ZAR (High: 0.4418 / Low: 0.4036). On the other end, July was the most stable month, with a tight range of 0.0127 ZAR (High: 0.3973 / Low: 0.3846).

March Spread (Volatile) ±0.0381

July Spread (Stable) ±0.0127

Growth Streaks & Declines

Trends

Between October and December, 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 August and September, when the average rate fell by 0.0074 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0074

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.4108) against the same month in 2023 (average: 0.3933), the exchange rate shifted by +0.0175 (+4.46%).

2024 Avg (March) 0.4108

2023 Avg (March) 0.3933

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4332	0.4100	0.4198
February	0.4233	0.4016	0.4149
March	0.4418	0.4036	0.4108
April	0.4147	0.3976	0.4065
May	0.4084	0.3915	0.3993
June	0.4141	0.3825	0.3952
July	0.3973	0.3846	0.3901
August	0.4032	0.3827	0.3899
September	0.3897	0.3722	0.3825
October	0.3879	0.3733	0.3801
November	0.3924	0.3725	0.3855
December	0.4026	0.3787	0.3895