2024 MYR to XCD Historical Review

YEARLY HIGH

0.6557 XCD

YEARLY LOW

0.5632 XCD

YEARLY AVERAGE

0.5917 XCD

2024 MYR to XCD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to XCD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 0.6557. Conversely, the yearly low was recorded on February 20, dropping to 0.5632.

This high-to-low spread represents a total annual volatility of 0.0925 XCD. From a start-to-finish perspective, comparing the January average rate of 0.5772 to the December average rate of 0.6058, the exchange rate registered a net change of 4.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6557 was up 2.97% compared to the 2023 peak of 0.6368, 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 13,114 XCD

2023 Average 11,863 XCD

Yearly Trough Low 11,263 XCD

Transaction Impact: A difference of 1,850.94 XCD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6415

0.5602

JanuMarcMayJulySeptNove

MYR to XCD 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 0.5718, compared to 0.6115 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0397 points.

H1 Avg (Jan–Jun) 0.5718

H2 Avg (Jul–Dec) 0.6115

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.0369 XCD (High: 0.6557 / Low: 0.6188). On the other end, June was the most stable month, with a tight range of 0.0037 XCD (High: 0.5761 / Low: 0.5725).

September Spread (Volatile) ±0.0369

June Spread (Stable) ±0.0037

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 0.0192 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0192

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.6347) against the same month in 2023 (average: 0.5774), the exchange rate shifted by +0.0574 (+9.93%).

2024 Avg (September) 0.6347

2023 Avg (September) 0.5774

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5882	0.5712	0.5772
February	0.5729	0.5632	0.5670
March	0.5778	0.5695	0.5728
April	0.5714	0.5639	0.5672
May	0.5770	0.5663	0.5730
June	0.5761	0.5725	0.5737
July	0.5882	0.5727	0.5773
August	0.6268	0.5915	0.6123
September	0.6557	0.6188	0.6347
October	0.6489	0.6172	0.6290
November	0.6227	0.6030	0.6098
December	0.6115	0.5995	0.6058