2024 MXN to MUR Historical Review

YEARLY HIGH

2.8576 MUR

YEARLY LOW

2.2497 MUR

YEARLY AVERAGE

2.5347 MUR

2024 MXN to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MXN to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 15, valuing the pair at 2.8576. Conversely, the yearly low was recorded on December 31, dropping to 2.2497.

This high-to-low spread represents a total annual volatility of 0.6079 MUR. From a start-to-finish perspective, comparing the January average rate of 2.6192 to the December average rate of 2.3129, the exchange rate registered a net change of -11.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.8576 was up 3.41% compared to the 2023 peak of 2.7634, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 142,882 MUR

2023 Average 127,355 MUR

Yearly Trough Low 112,487 MUR

Transaction Impact: A difference of 30,395.13 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.8112

2.2453

JanuMarcMayJulySeptNove

MXN to MUR 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 2.6854, compared to 2.3841 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3013 points.

H1 Avg (Jan–Jun) 2.6854

H2 Avg (Jul–Dec) 2.3841

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.2874 MUR (High: 2.8036 / Low: 2.5161). On the other end, May was the most stable month, with a tight range of 0.0712 MUR (High: 2.7753 / Low: 2.7041).

March Spread (Volatile) ±0.2874

May Spread (Stable) ±0.0712

Growth Streaks & Declines

Trends

Between January and April, 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 May and June, when the average rate fell by 0.1821 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1821

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 2.7640) against the same month in 2023 (average: 2.4985), the exchange rate shifted by +0.2655 (+10.63%).

2024 Avg (April) 2.7640

2023 Avg (April) 2.4985

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6894	2.5624	2.6192
February	2.7570	2.6317	2.6831
March	2.8036	2.5161	2.7380
April	2.8576	2.6985	2.7640
May	2.7753	2.7041	2.7450
June	2.7140	2.4840	2.5629
July	2.6491	2.4852	2.5821
August	2.4816	2.3276	2.4195
September	2.3983	2.2916	2.3474
October	2.4146	2.2865	2.3503
November	2.3452	2.2610	2.2925
December	2.3521	2.2497	2.3129