2024 PKR to MUR Historical Review

YEARLY HIGH

0.1717 MUR

YEARLY LOW

0.1514 MUR

YEARLY AVERAGE

0.1659 MUR

2024 PKR to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PKR to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 15, valuing the pair at 0.1717. Conversely, the yearly low was recorded on March 12, dropping to 0.1514.

This high-to-low spread represents a total annual volatility of 0.0203 MUR. From a start-to-finish perspective, comparing the January average rate of 0.1596 to the December average rate of 0.1684, the exchange rate registered a net change of 5.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1717 was down 11.91% compared to the 2023 peak of 0.1950, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 PKR based on timing:

Yearly Peak High 85,873 MUR

2023 Average 80,978 MUR

Yearly Trough Low 75,722 MUR

Transaction Impact: A difference of 10,151.51 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1693

0.1587

JanuMarcMayJulySeptNove

PKR 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 0.1648, compared to 0.1670 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.1648

H2 Avg (Jul–Dec) 0.1670

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0156 MUR (High: 0.1671 / Low: 0.1514). On the other end, May was the most stable month, with a tight range of 0.0019 MUR (High: 0.1666 / Low: 0.1647).

March Spread (Volatile) ±0.0156

May Spread (Stable) ±0.0019

Growth Streaks & Declines

Trends

Between January and April, 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 0.0015 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.1671) against the same month in 2023 (average: 0.1592), the exchange rate shifted by +0.0079 (+4.97%).

2024 Avg (April) 0.1671

2023 Avg (April) 0.1592

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1654	0.1561	0.1596
February	0.1683	0.1608	0.1643
March	0.1671	0.1514	0.1648
April	0.1717	0.1658	0.1671
May	0.1666	0.1647	0.1657
June	0.1698	0.1637	0.1673
July	0.1694	0.1671	0.1679
August	0.1690	0.1652	0.1664
September	0.1673	0.1643	0.1653
October	0.1678	0.1652	0.1664
November	0.1706	0.1649	0.1676
December	0.1703	0.1672	0.1684