2024 MYR to AED Historical Review

YEARLY HIGH

0.8912 AED

YEARLY LOW

0.7654 AED

YEARLY AVERAGE

0.8041 AED

2024 MYR to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 0.8912. Conversely, the yearly low was recorded on February 20, dropping to 0.7654.

This high-to-low spread represents a total annual volatility of 0.1258 AED. From a start-to-finish perspective, comparing the January average rate of 0.7845 to the December average rate of 0.8234, the exchange rate registered a net change of 4.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8912 was up 2.97% compared to the 2023 peak of 0.8655, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 17,824 AED

2023 Average 16,122 AED

Yearly Trough Low 15,308 AED

Transaction Impact: A difference of 2,515.79 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8719

0.7614

JanuMarcMayJulySeptNove

MYR to AED 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 0.7771, compared to 0.8311 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0540 points.

H1 Avg (Jan–Jun) 0.7771

H2 Avg (Jul–Dec) 0.8311

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.0502 AED (High: 0.8912 / Low: 0.8410). On the other end, June was the most stable month, with a tight range of 0.0050 AED (High: 0.7830 / Low: 0.7780).

September Spread (Volatile) ±0.0502

June Spread (Stable) ±0.0050

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0261 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0261

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.8627) against the same month in 2023 (average: 0.7847), the exchange rate shifted by +0.0779 (+9.93%).

2024 Avg (September) 0.8627

2023 Avg (September) 0.7847

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7993	0.7763	0.7845
February	0.7786	0.7654	0.7706
March	0.7852	0.7740	0.7784
April	0.7765	0.7662	0.7707
May	0.7842	0.7696	0.7787
June	0.7830	0.7780	0.7797
July	0.7994	0.7783	0.7846
August	0.8519	0.8039	0.8322
September	0.8912	0.8410	0.8627
October	0.8820	0.8388	0.8549
November	0.8463	0.8195	0.8287
December	0.8311	0.8148	0.8234