2024 MYR to VND Historical Review

YEARLY HIGH

5970.9681 VND

YEARLY LOW

5104.1715 VND

YEARLY AVERAGE

5484.9979 VND

2024 MYR to VND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 5970.9681. Conversely, the yearly low was recorded on February 14, dropping to 5104.1715.

This high-to-low spread represents a total annual volatility of 866.7967 VND. From a start-to-finish perspective, comparing the January average rate of 5228.6333 to the December average rate of 5698.4989, the exchange rate registered a net change of 8.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 5970.9681 was up 7.96% compared to the 2023 peak of 5530.4957, 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 119,419,363 VND

2023 Average 104,590,956 VND

Yearly Trough Low 102,083,429 VND

Transaction Impact: A difference of 17,335,933.41 VND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

5898.4430

5070.3705

JanuMarcMayJulySeptNove

MYR to VND 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 5281.4226, compared to 5688.5732 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 407.1505 points.

H1 Avg (Jan–Jun) 5281.4226

H2 Avg (Jul–Dec) 5688.5732

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 314.8948 VND (High: 5970.9681 / Low: 5656.0733). On the other end, June was the most stable month, with a tight range of 31.6842 VND (High: 5416.6991 / Low: 5385.0149).

September Spread (Volatile) ±314.8948

June Spread (Stable) ±31.6842

Growth Streaks & Declines

Trends

Between February and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 106.2900 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -106.2900

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 5787.7598) against the same month in 2023 (average: 5175.2099), the exchange rate shifted by +612.5499 (+11.84%).

2024 Avg (September) 5787.7598

2023 Avg (September) 5175.2099

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	5291.2300	5163.0905	5228.6333
February	5187.5585	5104.1715	5139.3765
March	5270.1806	5195.4143	5240.2357
April	5328.2231	5221.6023	5284.5317
May	5435.8433	5310.7051	5394.1032
June	5416.6991	5385.0149	5401.6555
July	5495.1573	5394.0379	5420.1449
August	5770.3165	5520.6534	5672.4517
September	5970.9681	5656.0733	5787.7598
October	5909.3135	5776.4806	5829.4370
November	5839.9402	5667.1257	5723.1470
December	5744.3513	5646.6309	5698.4989