2024 MYR to BWP Historical Review

YEARLY HIGH

3.1846 BWP

YEARLY LOW

2.8547 BWP

YEARLY AVERAGE

2.9671 BWP

2024 MYR to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 3.1846. Conversely, the yearly low was recorded on February 21, dropping to 2.8547.

This high-to-low spread represents a total annual volatility of 0.3299 BWP. From a start-to-finish perspective, comparing the January average rate of 2.9005 to the December average rate of 3.0745, the exchange rate registered a net change of 6.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 3.1846 was up 4.76% compared to the 2023 peak of 3.0400, 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 63,693 BWP

2023 Average 58,592 BWP

Yearly Trough Low 57,095 BWP

Transaction Impact: A difference of 6,598.27 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3.1331

2.8526

JanuMarcMayJulySeptNove

MYR to BWP 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 2.8891, compared to 3.0451 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1559 points.

H1 Avg (Jan–Jun) 2.8891

H2 Avg (Jul–Dec) 3.0451

Volatility Range Comparison

Volatility

The most volatile month in 2024 was April, with a trading range of 0.1234 BWP (High: 2.9785 / Low: 2.8551). On the other end, March was the most stable month, with a tight range of 0.0397 BWP (High: 2.9094 / Low: 2.8697).

April Spread (Volatile) ±0.1234

March Spread (Stable) ±0.0397

Growth Streaks & Declines

Trends

Between May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0433 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0433

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 3.1098) against the same month in 2023 (average: 2.9156), the exchange rate shifted by +0.1942 (+6.66%).

2024 Avg (September) 3.1098

2023 Avg (September) 2.9156

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9412	2.8716	2.9005
February	2.9039	2.8547	2.8760
March	2.9094	2.8697	2.8956
April	2.9785	2.8551	2.8858
May	2.9761	2.8645	2.8840
June	2.9495	2.8568	2.8930
July	2.9442	2.8636	2.8940
August	3.0846	2.9630	3.0389
September	3.1846	3.0623	3.1098
October	3.1474	3.0557	3.0983
November	3.0783	3.0279	3.0550
December	3.1238	3.0453	3.0745