2024 MXN to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MXN to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MXN to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 21, valuing the pair at 180.6588. Conversely, the yearly low was recorded on December 31, dropping to 100.5318.
This high-to-low spread represents a total annual volatility of 80.1270 MMK. From a start-to-finish perspective, comparing the January average rate of 123.0974 to the December average rate of 103.5948, the exchange rate registered a net change of -15.84% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 180.6588 was up 43.75% compared to the 2023 peak of 125.6728, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MXN to MMK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 123.5696, compared to 109.3245 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 14.2451 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 68.8913 MMK (High: 180.6588 / Low: 111.7676). On the other end, February was the most stable month, with a tight range of 1.4835 MMK (High: 123.5467 / Low: 122.0632).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 16.2440 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2024: 125.8168) against the same month in 2023 (average: 123.9758), the exchange rate shifted by +1.8410 (+1.48%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 124.6674 | 121.2645 | 123.0974 |
| February | 123.5467 | 122.0632 | 122.8982 |
| March | 126.7985 | 123.0339 | 125.1730 |
| April | 128.2704 | 122.0695 | 124.8990 |
| May | 126.9721 | 123.2929 | 124.9796 |
| June | 136.8767 | 112.8750 | 120.3705 |
| July | 180.6588 | 111.7676 | 125.8168 |
| August | 112.6215 | 105.7012 | 109.5728 |
| September | 109.7064 | 104.4053 | 107.0738 |
| October | 108.8310 | 104.0360 | 106.6460 |
| November | 105.9273 | 101.5108 | 103.2428 |
| December | 104.5492 | 100.5318 | 103.5948 |