2024 MYR to UAH Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MYR to UAH Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MYR to UAH exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 10.0328. Conversely, the yearly low was recorded on February 8, dropping to 7.8748.
This high-to-low spread represents a total annual volatility of 2.1580 UAH. From a start-to-finish perspective, comparing the January average rate of 8.0831 to the December average rate of 9.3645, the exchange rate registered a net change of 15.85% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 10.0328 was up 14.60% compared to the 2023 peak of 8.7547, indicating shifts in long-term support levels.
Comparing the value generated converting 20,000 MYR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MYR to UAH Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 8.2575, compared to 9.3491 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0916 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was September, with a trading range of 0.6061 UAH (High: 10.0328 / Low: 9.4267). On the other end, June was the most stable month, with a tight range of 0.1349 UAH (High: 8.6745 / Low: 8.5395).
Growth Streaks & Declines
TrendsBetween February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.2646 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 9.6927) against the same month in 2023 (average: 7.8875), the exchange rate shifted by +1.8052 (+22.89%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.2979 | 7.9144 | 8.0831 |
| February | 8.0567 | 7.8748 | 7.9705 |
| March | 8.3146 | 8.0161 | 8.2059 |
| April | 8.3287 | 8.1760 | 8.2638 |
| May | 8.6265 | 8.2820 | 8.4251 |
| June | 8.6745 | 8.5395 | 8.5965 |
| July | 8.9227 | 8.5848 | 8.7599 |
| August | 9.5862 | 9.0018 | 9.3304 |
| September | 10.0328 | 9.4267 | 9.6927 |
| October | 9.9131 | 9.4203 | 9.6058 |
| November | 9.5587 | 9.1967 | 9.3412 |
| December | 9.4192 | 9.2661 | 9.3645 |