2024 MYR to CDF Historical Review

YEARLY HIGH

694.5455 CDF

YEARLY LOW

564.2766 CDF

YEARLY AVERAGE

616.5947 CDF

2024 MYR to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 694.5455. Conversely, the yearly low was recorded on January 20, dropping to 564.2766.

This high-to-low spread represents a total annual volatility of 130.2688 CDF. From a start-to-finish perspective, comparing the January average rate of 581.3386 to the December average rate of 639.8219, the exchange rate registered a net change of 10.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 694.5455 was up 15.78% compared to the 2023 peak of 599.8705, 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 13,890,909 CDF

2023 Average 10,232,728 CDF

Yearly Trough Low 11,285,532 CDF

Transaction Impact: A difference of 2,605,376.63 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

678.0703

569.1993

JanuMarcMayJulySeptNove

MYR to CDF 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 587.8935, compared to 645.2959 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 57.4024 points.

H1 Avg (Jan–Jun) 587.8935

H2 Avg (Jul–Dec) 645.2959

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 43.8518 CDF (High: 694.5455 / Low: 650.6937). On the other end, February was the most stable month, with a tight range of 9.6099 CDF (High: 584.7869 / Low: 575.1770).

September Spread (Volatile) ±43.8518

February Spread (Stable) ±9.6099

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 19.1200 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -19.1200

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 668.9977) against the same month in 2023 (average: 530.6410), the exchange rate shifted by +138.3567 (+26.07%).

2024 Avg (September) 668.9977

2023 Avg (September) 530.6410

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	595.7918	564.2766	581.3386
February	584.7869	575.1770	578.2719
March	592.6484	583.0100	588.0136
April	596.1409	578.9550	585.8536
May	600.3186	585.2050	592.6834
June	606.0491	593.8346	601.1999
July	620.7421	601.7907	607.4739
August	661.0598	624.5908	645.4685
September	694.5455	650.6937	668.9977
October	685.4112	653.8079	664.5667
November	656.0163	639.3576	645.4467
December	649.6210	628.5682	639.8219