2024 MYR to GBP Historical Review

YEARLY HIGH

0.1818 GBP

YEARLY LOW

0.1642 GBP

YEARLY AVERAGE

0.1713 GBP

2024 MYR to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 0.1818. Conversely, the yearly low was recorded on July 12, dropping to 0.1642.

This high-to-low spread represents a total annual volatility of 0.0176 GBP. From a start-to-finish perspective, comparing the January average rate of 0.1681 to the December average rate of 0.1774, the exchange rate registered a net change of 5.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1818 was down 6.76% compared to the 2023 peak of 0.1950, 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 3,636 GBP

2023 Average 3,531 GBP

Yearly Trough Low 3,284 GBP

Transaction Impact: A difference of 352.10 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1796

0.1647

JanuMarcMayJulySeptNove

MYR to GBP 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 0.1673, compared to 0.1752 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0080 points.

H1 Avg (Jan–Jun) 0.1673

H2 Avg (Jul–Dec) 0.1752

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.0072 GBP (High: 0.1818 / Low: 0.1746). On the other end, May was the most stable month, with a tight range of 0.0022 GBP (High: 0.1688 / Low: 0.1667).

September Spread (Volatile) ±0.0072

May Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0020 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.1776) against the same month in 2023 (average: 0.1725), the exchange rate shifted by +0.0051 (+2.99%).

2024 Avg (September) 0.1776

2023 Avg (September) 0.1725

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1721	0.1663	0.1681
February	0.1680	0.1649	0.1661
March	0.1677	0.1648	0.1668
April	0.1695	0.1661	0.1678
May	0.1688	0.1667	0.1678
June	0.1681	0.1656	0.1671
July	0.1693	0.1642	0.1660
August	0.1778	0.1720	0.1750
September	0.1818	0.1746	0.1776
October	0.1809	0.1757	0.1784
November	0.1791	0.1753	0.1770
December	0.1787	0.1763	0.1774