2024 MYR to AFN Historical Review

YEARLY HIGH

16.6561 AFN

YEARLY LOW

14.7846 AFN

YEARLY AVERAGE

15.4240 AFN

2024 MYR to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 16.6561. Conversely, the yearly low was recorded on June 11, dropping to 14.7846.

This high-to-low spread represents a total annual volatility of 1.8715 AFN. From a start-to-finish perspective, comparing the January average rate of 15.2768 to the December average rate of 15.5622, the exchange rate registered a net change of 1.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 16.6561 was down 21.61% compared to the 2023 peak of 21.2467, 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 333,122 AFN

2023 Average 363,705 AFN

Yearly Trough Low 295,692 AFN

Transaction Impact: A difference of 37,429.26 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

16.4559

14.8381

JanuMarcMayJulySeptNove

MYR to AFN 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 15.1935, compared to 15.6545 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4610 points.

H1 Avg (Jan–Jun) 15.1935

H2 Avg (Jul–Dec) 15.6545

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 1.3045 AFN (High: 16.4012 / Low: 15.0967). On the other end, April was the most stable month, with a tight range of 0.3495 AFN (High: 15.2772 / Low: 14.9277).

October Spread (Volatile) ±1.3045

April Spread (Stable) ±0.3495

Growth Streaks & Declines

Trends

Between June and September, 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 September and October, when the average rate fell by 0.7041 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.7041

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 16.3211) against the same month in 2023 (average: 16.6550), the exchange rate shifted by -0.3340 (-2.01%).

2024 Avg (September) 16.3211

2023 Avg (September) 16.6550

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.7161	15.0392	15.2768
February	15.9519	15.1610	15.3515
March	15.4799	14.9814	15.2993
April	15.2772	14.9277	15.0653
May	15.3789	14.9761	15.1954
June	15.2411	14.7846	14.9729
July	15.3573	14.9869	15.1156
August	16.4556	15.5368	16.0410
September	16.6561	16.0962	16.3211
October	16.4012	15.0967	15.6169
November	15.5950	14.9487	15.2702
December	15.7990	15.1696	15.5622