2024 NAD to MMK Historical Review

YEARLY HIGH

177.1424 MMK

YEARLY LOW

108.6604 MMK

YEARLY AVERAGE

115.8193 MMK

2024 NAD to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NAD to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 20, valuing the pair at 177.1424. Conversely, the yearly low was recorded on February 26, dropping to 108.6604.

This high-to-low spread represents a total annual volatility of 68.4819 MMK. From a start-to-finish perspective, comparing the January average rate of 111.7730 to the December average rate of 115.1436, the exchange rate registered a net change of 3.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 177.1424 was up 41.84% compared to the 2023 peak of 124.8910, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NAD based on timing:

Yearly Peak High 885,712 MMK

2023 Average 568,012 MMK

Yearly Trough Low 543,302 MMK

Transaction Impact: A difference of 342,409.65 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

126.2233

109.2961

JanuMarcMayJulySeptNove

NAD to MMK 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 112.9995, compared to 118.6392 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.6397 points.

H1 Avg (Jan–Jun) 112.9995

H2 Avg (Jul–Dec) 118.6392

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 63.4967 MMK (High: 177.1424 / Low: 113.6456). On the other end, October was the most stable month, with a tight range of 2.9907 MMK (High: 121.3325 / Low: 118.3418).

July Spread (Volatile) ±63.4967

October Spread (Stable) ±2.9907

Growth Streaks & Declines

Trends

Between April and July, 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 July and August, when the average rate fell by 8.4525 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -8.4525

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 124.8127) against the same month in 2023 (average: 115.0201), the exchange rate shifted by +9.7926 (+8.51%).

2024 Avg (July) 124.8127

2023 Avg (July) 115.0201

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	113.7105	109.4932	111.7730
February	113.7654	108.6604	110.7067
March	113.0047	109.5630	111.3271
April	113.6196	109.2907	111.1486
May	116.1071	112.6719	114.1938
June	136.5884	110.2005	118.8476
July	177.1424	113.6456	124.8127
August	118.9366	112.9680	116.3602
September	122.1439	116.7250	119.1094
October	121.3325	118.3418	119.3754
November	120.3714	114.9589	117.0337
December	118.8031	111.2267	115.1436