2024 MXN to SAR Historical Review

YEARLY HIGH

0.2297 SAR

YEARLY LOW

0.1800 SAR

YEARLY AVERAGE

0.2060 SAR

2024 MXN to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MXN to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 0.2297. Conversely, the yearly low was recorded on December 31, dropping to 0.1800.

This high-to-low spread represents a total annual volatility of 0.0497 SAR. From a start-to-finish perspective, comparing the January average rate of 0.2199 to the December average rate of 0.1855, the exchange rate registered a net change of -15.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2297 was up 2.17% compared to the 2023 peak of 0.2248, 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 11,486 SAR

2023 Average 10,593 SAR

Yearly Trough Low 9,000 SAR

Transaction Impact: A difference of 2,486.26 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2276

0.1809

JanuMarcMayJulySeptNove

MXN to SAR 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 0.2193, compared to 0.1927 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0266 points.

H1 Avg (Jan–Jun) 0.2193

H2 Avg (Jul–Dec) 0.1927

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0208 SAR (High: 0.2208 / Low: 0.1999). On the other end, February was the most stable month, with a tight range of 0.0021 SAR (High: 0.2200 / Low: 0.2180).

June Spread (Volatile) ±0.0208

February Spread (Stable) ±0.0021

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0169 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0169

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.2232) against the same month in 2023 (average: 0.2076), the exchange rate shifted by +0.0156 (+7.49%).

2024 Avg (April) 0.2232

2023 Avg (April) 0.2076

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2227	0.2167	0.2199
February	0.2200	0.2180	0.2194
March	0.2267	0.2202	0.2237
April	0.2297	0.2180	0.2232
May	0.2265	0.2203	0.2233
June	0.2208	0.1999	0.2063
July	0.2129	0.1999	0.2073
August	0.2014	0.1891	0.1960
September	0.1963	0.1867	0.1915
October	0.1948	0.1862	0.1909
November	0.1896	0.1818	0.1848
December	0.1871	0.1800	0.1855