2024 MYR to AZN Historical Review

YEARLY HIGH

0.4125 AZN

YEARLY LOW

0.3543 AZN

YEARLY AVERAGE

0.3722 AZN

2024 MYR to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 0.4125. Conversely, the yearly low was recorded on February 20, dropping to 0.3543.

This high-to-low spread represents a total annual volatility of 0.0582 AZN. From a start-to-finish perspective, comparing the January average rate of 0.3632 to the December average rate of 0.3811, the exchange rate registered a net change of 4.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4125 was up 2.97% compared to the 2023 peak of 0.4006, 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 8,249 AZN

2023 Average 7,463 AZN

Yearly Trough Low 7,085 AZN

Transaction Impact: A difference of 1,164.30 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4035

0.3524

JanuMarcMayJulySeptNove

MYR to AZN 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 0.3597, compared to 0.3847 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0249 points.

H1 Avg (Jan–Jun) 0.3597

H2 Avg (Jul–Dec) 0.3847

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.0232 AZN (High: 0.4125 / Low: 0.3892). On the other end, June was the most stable month, with a tight range of 0.0023 AZN (High: 0.3624 / Low: 0.3601).

September Spread (Volatile) ±0.0232

June Spread (Stable) ±0.0023

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 0.0121 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0121

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.3993) against the same month in 2023 (average: 0.3632), the exchange rate shifted by +0.0361 (+9.93%).

2024 Avg (September) 0.3993

2023 Avg (September) 0.3632

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3700	0.3593	0.3632
February	0.3604	0.3543	0.3567
March	0.3634	0.3582	0.3604
April	0.3594	0.3547	0.3568
May	0.3629	0.3562	0.3604
June	0.3624	0.3601	0.3609
July	0.3700	0.3602	0.3631
August	0.3943	0.3721	0.3852
September	0.4125	0.3892	0.3993
October	0.4082	0.3882	0.3957
November	0.3917	0.3793	0.3836
December	0.3847	0.3771	0.3811