2024 MYR to SAR Historical Review

YEARLY HIGH

0.9097 SAR

YEARLY LOW

0.7815 SAR

YEARLY AVERAGE

0.8215 SAR

2024 MYR to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 0.9097. Conversely, the yearly low was recorded on February 20, dropping to 0.7815.

This high-to-low spread represents a total annual volatility of 0.1283 SAR. From a start-to-finish perspective, comparing the January average rate of 0.8010 to the December average rate of 0.8421, the exchange rate registered a net change of 5.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9097 was up 2.84% compared to the 2023 peak of 0.8846, 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 18,195 SAR

2023 Average 16,468 SAR

Yearly Trough Low 15,630 SAR

Transaction Impact: A difference of 2,565.07 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8907

0.7773

JanuMarcMayJulySeptNove

MYR to SAR 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 0.7935, compared to 0.8494 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0558 points.

H1 Avg (Jan–Jun) 0.7935

H2 Avg (Jul–Dec) 0.8494

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.0505 SAR (High: 0.9097 / Low: 0.8592). On the other end, June was the most stable month, with a tight range of 0.0052 SAR (High: 0.7995 / Low: 0.7943).

September Spread (Volatile) ±0.0505

June Spread (Stable) ±0.0052

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 0.0266 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0266

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.8813) against the same month in 2023 (average: 0.8013), the exchange rate shifted by +0.0800 (+9.98%).

2024 Avg (September) 0.8813

2023 Avg (September) 0.8013

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8161	0.7925	0.8010
February	0.7949	0.7815	0.7868
March	0.8018	0.7895	0.7949
April	0.7931	0.7826	0.7872
May	0.8007	0.7859	0.7951
June	0.7995	0.7943	0.7963
July	0.8166	0.7949	0.8013
August	0.8703	0.8213	0.8502
September	0.9097	0.8592	0.8813
October	0.9009	0.8577	0.8740
November	0.8656	0.8380	0.8474
December	0.8501	0.8331	0.8421