2024 MYR to INR Historical Review

YEARLY HIGH

20.3274 INR

YEARLY LOW

17.2683 INR

YEARLY AVERAGE

18.3218 INR

2024 MYR to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 20.3274. Conversely, the yearly low was recorded on February 20, dropping to 17.2683.

This high-to-low spread represents a total annual volatility of 3.0591 INR. From a start-to-finish perspective, comparing the January average rate of 17.7507 to the December average rate of 19.0552, the exchange rate registered a net change of 7.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 20.3274 was up 4.76% compared to the 2023 peak of 19.4034, 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 406,547 INR

2023 Average 362,393 INR

Yearly Trough Low 345,366 INR

Transaction Impact: A difference of 61,181.76 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

19.9089

17.1801

JanuMarcMayJulySeptNove

MYR to INR 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 17.6108, compared to 19.0328 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4220 points.

H1 Avg (Jan–Jun) 17.6108

H2 Avg (Jul–Dec) 19.0328

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 1.1297 INR (High: 19.4585 / Low: 18.3288). On the other end, June was the most stable month, with a tight range of 0.1518 INR (High: 17.8060 / Low: 17.6542).

August Spread (Volatile) ±1.1297

June Spread (Stable) ±0.1518

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 0.5266 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.5266

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 19.6815) against the same month in 2023 (average: 17.7424), the exchange rate shifted by +1.9391 (+10.93%).

2024 Avg (September) 19.6815

2023 Avg (September) 17.7424

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.1073	17.5608	17.7507
February	17.5943	17.2683	17.4075
March	17.7089	17.4579	17.6049
April	17.6367	17.4269	17.5061
May	17.8157	17.4765	17.6731
June	17.8060	17.6542	17.7227
July	18.2214	17.6922	17.8589
August	19.4585	18.3288	19.0058
September	20.3274	19.2218	19.6815
October	20.1412	19.2039	19.5610
November	19.3817	18.8477	19.0345
December	19.2132	18.8434	19.0552