2024 MYR to CNY Historical Review

YEARLY HIGH

1.7026 CNY

YEARLY LOW

1.4844 CNY

YEARLY AVERAGE

1.5711 CNY

2024 MYR to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 1.7026. Conversely, the yearly low was recorded on April 21, dropping to 1.4844.

This high-to-low spread represents a total annual volatility of 0.2182 CNY. From a start-to-finish perspective, comparing the January average rate of 1.5187 to the December average rate of 1.6323, the exchange rate registered a net change of 7.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.7026 was up 6.51% compared to the 2023 peak of 1.5985, 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 34,051 CNY

2023 Average 31,030 CNY

Yearly Trough Low 29,688 CNY

Transaction Impact: A difference of 4,363.02 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.6773

1.4857

JanuMarcMayJulySeptNove

MYR to CNY 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 1.5190, compared to 1.6231 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1040 points.

H1 Avg (Jan–Jun) 1.5190

H2 Avg (Jul–Dec) 1.6231

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.0730 CNY (High: 1.7026 / Low: 1.6295). On the other end, November was the most stable month, with a tight range of 0.0250 CNY (High: 1.6382 / Low: 1.6132).

September Spread (Volatile) ±0.0730

November Spread (Stable) ±0.0250

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 0.0242 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0242

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 1.6614) against the same month in 2023 (average: 1.5581), the exchange rate shifted by +0.1033 (+6.63%).

2024 Avg (September) 1.6614

2023 Avg (September) 1.5581

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5444	1.4992	1.5187
February	1.5245	1.4885	1.5017
March	1.5354	1.5071	1.5254
April	1.5289	1.4844	1.5170
May	1.5442	1.4920	1.5194
June	1.5437	1.5053	1.5320
July	1.5710	1.5267	1.5501
August	1.6459	1.5854	1.6190
September	1.7026	1.6295	1.6614
October	1.6884	1.6251	1.6500
November	1.6382	1.6132	1.6257
December	1.6451	1.6185	1.6323