2024 NAD to MUR Historical Review

YEARLY HIGH

2.6752 MUR

YEARLY LOW

2.2706 MUR

YEARLY AVERAGE

2.5226 MUR

2024 NAD to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NAD to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 2.6752. Conversely, the yearly low was recorded on March 12, dropping to 2.2706.

This high-to-low spread represents a total annual volatility of 0.4045 MUR. From a start-to-finish perspective, comparing the January average rate of 2.3783 to the December average rate of 2.5707, the exchange rate registered a net change of 8.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.6752 was up 0.58% compared to the 2023 peak of 2.6598, 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 13,376 MUR

2023 Average 12,204 MUR

Yearly Trough Low 11,353 MUR

Transaction Impact: A difference of 2,022.64 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.6560

2.3530

JanuMarcMayJulySeptNove

NAD to MUR 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 2.4546, compared to 2.5905 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1360 points.

H1 Avg (Jan–Jun) 2.4546

H2 Avg (Jul–Dec) 2.5905

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.2139 MUR (High: 2.6191 / Low: 2.4051). On the other end, May was the most stable month, with a tight range of 0.0628 MUR (High: 2.5503 / Low: 2.4875).

June Spread (Volatile) ±0.2139

May Spread (Stable) ±0.0628

Growth Streaks & Declines

Trends

Between January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0322 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0322

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.6112) against the same month in 2023 (average: 2.3710), the exchange rate shifted by +0.2401 (+10.13%).

2024 Avg (September) 2.6112

2023 Avg (September) 2.3710

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4415	2.3126	2.3783
February	2.4897	2.3652	2.4169
March	2.4640	2.2706	2.4349
April	2.5230	2.4182	2.4597
May	2.5503	2.4875	2.5082
June	2.6191	2.4051	2.5294
July	2.6007	2.5336	2.5628
August	2.6333	2.4984	2.5693
September	2.6752	2.5701	2.6112
October	2.6722	2.6048	2.6307
November	2.6583	2.5541	2.5985
December	2.6592	2.4891	2.5707