2024 NGN to MUR Historical Review

YEARLY HIGH

0.0516 MUR

YEARLY LOW

0.0265 MUR

YEARLY AVERAGE

0.0324 MUR

2024 NGN to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0516. Conversely, the yearly low was recorded on March 12, dropping to 0.0265.

This high-to-low spread represents a total annual volatility of 0.0251 MUR. From a start-to-finish perspective, comparing the January average rate of 0.0490 to the December average rate of 0.0298, the exchange rate registered a net change of -39.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0516 was down 49.74% compared to the 2023 peak of 0.1027, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 51,626 MUR

2023 Average 76,254 MUR

Yearly Trough Low 26,516 MUR

Transaction Impact: A difference of 25,110.20 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0512

0.0257

JanuMarcMayJulySeptNove

NGN 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 0.0357, compared to 0.0290 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0067 points.

H1 Avg (Jan–Jun) 0.0357

H2 Avg (Jul–Dec) 0.0290

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0227 MUR (High: 0.0511 / Low: 0.0284). On the other end, November was the most stable month, with a tight range of 0.0008 MUR (High: 0.0283 / Low: 0.0275).

February Spread (Volatile) ±0.0227

November Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0141 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0141

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0490) against the same month in 2023 (average: 0.0971), the exchange rate shifted by -0.0480 (-49.48%).

2024 Avg (January) 0.0490

2023 Avg (January) 0.0971

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0516	0.0462	0.0490
February	0.0511	0.0284	0.0349
March	0.0332	0.0265	0.0301
April	0.0398	0.0328	0.0364
May	0.0375	0.0303	0.0327
June	0.0336	0.0303	0.0312
July	0.0333	0.0281	0.0309
August	0.0294	0.0281	0.0290
September	0.0293	0.0275	0.0282
October	0.0288	0.0276	0.0282
November	0.0283	0.0275	0.0278
December	0.0305	0.0276	0.0298