2024 MYR to BDT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MYR to BDT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MYR to BDT exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 28.9883. Conversely, the yearly low was recorded on February 20, dropping to 22.8737.
This high-to-low spread represents a total annual volatility of 6.1146 BDT. From a start-to-finish perspective, comparing the January average rate of 23.4370 to the December average rate of 26.7803, the exchange rate registered a net change of 14.26% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 28.9883 was up 13.92% compared to the 2023 peak of 25.4458, indicating shifts in long-term support levels.
Comparing the value generated converting 20,000 MYR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MYR to BDT Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 23.6770, compared to 26.9211 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.2441 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 2.0988 BDT (High: 27.7935 / Low: 25.6947). On the other end, April was the most stable month, with a tight range of 0.3148 BDT (High: 23.1957 / Low: 22.8810).
Growth Streaks & Declines
TrendsBetween 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 0.8645 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 28.0713) against the same month in 2023 (average: 23.4547), the exchange rate shifted by +4.6166 (+19.68%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.9508 | 23.1640 | 23.4370 |
| February | 23.4780 | 22.8737 | 23.0299 |
| March | 23.4575 | 23.0518 | 23.2487 |
| April | 23.1957 | 22.8810 | 23.0250 |
| May | 25.0450 | 22.9936 | 24.3806 |
| June | 25.2025 | 24.8412 | 24.9409 |
| July | 25.5654 | 24.8803 | 25.0939 |
| August | 27.7935 | 25.6947 | 26.7827 |
| September | 28.9883 | 27.3556 | 28.0713 |
| October | 28.6728 | 27.3131 | 27.8316 |
| November | 27.5413 | 26.5656 | 26.9671 |
| December | 27.0698 | 26.4021 | 26.7803 |