2024 SRD to MMK Historical Review

YEARLY HIGH

109.8258 MMK

YEARLY LOW

56.8323 MMK

YEARLY AVERAGE

64.4816 MMK

2024 SRD to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SRD to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 109.8258. Conversely, the yearly low was recorded on January 18, dropping to 56.8323.

This high-to-low spread represents a total annual volatility of 52.9935 MMK. From a start-to-finish perspective, comparing the January average rate of 57.2282 to the December average rate of 59.5719, the exchange rate registered a net change of 4.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 109.8258 was up 64.89% compared to the 2023 peak of 66.6064, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 549,129 MMK

2023 Average 287,776 MMK

Yearly Trough Low 284,161 MMK

Transaction Impact: A difference of 264,967.64 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

78.6082

55.2845

JanuMarcMayJulySeptNove

SRD 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 61.6339, compared to 67.3292 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.6954 points.

H1 Avg (Jan–Jun) 61.6339

H2 Avg (Jul–Dec) 67.3292

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 38.4488 MMK (High: 109.8258 / Low: 71.3770). On the other end, August was the most stable month, with a tight range of 0.5812 MMK (High: 73.1826 / Low: 72.6014).

July Spread (Volatile) ±38.4488

August Spread (Stable) ±0.5812

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 6.0681 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -6.0681

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 76.6645) against the same month in 2023 (average: 55.2138), the exchange rate shifted by +21.4507 (+38.85%).

2024 Avg (July) 76.6645

2023 Avg (July) 55.2138

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	57.6402	56.8323	57.2282
February	59.5060	57.0724	58.1050
March	60.2663	59.1192	59.5755
April	62.1303	59.8171	60.6499
May	65.3401	62.0984	64.3786
June	81.0473	65.1068	69.8661
July	109.8258	71.3770	76.6645
August	73.1826	72.6014	72.8560
September	72.6329	68.3376	70.6609
October	68.3477	61.0469	64.5929
November	61.0469	59.0346	59.6292
December	59.8437	59.2572	59.5719