2024 NZD to MUR Historical Review

YEARLY HIGH

29.1782 MUR

YEARLY LOW

25.9914 MUR

YEARLY AVERAGE

27.9430 MUR

2024 NZD to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NZD to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 29.1782. Conversely, the yearly low was recorded on March 12, dropping to 25.9914.

This high-to-low spread represents a total annual volatility of 3.1868 MUR. From a start-to-finish perspective, comparing the January average rate of 27.5835 to the December average rate of 26.8779, the exchange rate registered a net change of -2.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 29.1782 was down 0.64% compared to the 2023 peak of 29.3660, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 145,891 MUR

2023 Average 138,511 MUR

Yearly Trough Low 129,957 MUR

Transaction Impact: A difference of 15,934.20 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

28.8145

26.7018

JanuMarcMayJulySeptNove

NZD 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 27.9661, compared to 27.9199 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0462 points.

H1 Avg (Jan–Jun) 27.9661

H2 Avg (Jul–Dec) 27.9199

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 2.3260 MUR (High: 28.3174 / Low: 25.9914). On the other end, May was the most stable month, with a tight range of 0.8514 MUR (High: 28.3631 / Low: 27.5117).

March Spread (Volatile) ±2.3260

May Spread (Stable) ±0.8514

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.6431 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.6431

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 28.6385) against the same month in 2023 (average: 26.6679), the exchange rate shifted by +1.9705 (+7.39%).

2024 Avg (September) 28.6385

2023 Avg (September) 26.6679

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	28.3391	26.9295	27.5835
February	28.8352	27.4249	28.0996
March	28.3174	25.9914	27.8885
April	28.1824	27.2557	27.6564
May	28.3631	27.5117	27.9899
June	28.9016	27.9564	28.5788
July	28.8531	27.3563	28.1952
August	29.0173	27.6079	28.1937
September	29.1782	28.2390	28.6385
October	28.9453	27.5315	28.0935
November	27.9703	26.9879	27.5210
December	27.4972	26.1607	26.8779