2024 MYR to TJS Historical Review

YEARLY HIGH

2.5820 TJS

YEARLY LOW

2.2475 TJS

YEARLY AVERAGE

2.3601 TJS

2024 MYR to TJS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to TJS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 2.5820. Conversely, the yearly low was recorded on June 19, dropping to 2.2475.

This high-to-low spread represents a total annual volatility of 0.3344 TJS. From a start-to-finish perspective, comparing the January average rate of 2.3332 to the December average rate of 2.4462, the exchange rate registered a net change of 4.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.5820 was up 3.82% compared to the 2023 peak of 2.4871, 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 51,639 TJS

2023 Average 47,409 TJS

Yearly Trough Low 44,951 TJS

Transaction Impact: A difference of 6,688.34 TJS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.5237

2.2457

JanuMarcMayJulySeptNove

MYR to TJS 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 2.3020, compared to 2.4183 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1163 points.

H1 Avg (Jan–Jun) 2.3020

H2 Avg (Jul–Dec) 2.4183

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.1638 TJS (High: 2.4817 / Low: 2.3179). On the other end, April was the most stable month, with a tight range of 0.0346 TJS (High: 2.3122 / Low: 2.2776).

August Spread (Volatile) ±0.1638

April Spread (Stable) ±0.0346

Growth Streaks & Declines

Trends

Between June and September, 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 October and November, when the average rate fell by 0.0730 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0730

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.5006) against the same month in 2023 (average: 2.3461), the exchange rate shifted by +0.1544 (+6.58%).

2024 Avg (September) 2.5006

2023 Avg (September) 2.3461

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3886	2.3044	2.3332
February	2.3371	2.2799	2.2963
March	2.3396	2.2998	2.3195
April	2.3122	2.2776	2.2945
May	2.3187	2.2773	2.2993
June	2.3035	2.2475	2.2689
July	2.3063	2.2562	2.2723
August	2.4817	2.3179	2.4033
September	2.5820	2.4380	2.5006
October	2.5552	2.4319	2.4801
November	2.4545	2.3655	2.4071
December	2.4692	2.4170	2.4462