2024 TOP to MUR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 TOP to MUR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the TOP to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 15, valuing the pair at 20.0072. Conversely, the yearly low was recorded on March 12, dropping to 17.9418.
This high-to-low spread represents a total annual volatility of 2.0653 MUR. From a start-to-finish perspective, comparing the January average rate of 18.9663 to the December average rate of 19.5618, the exchange rate registered a net change of 3.14% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 20.0072 was down 0.05% compared to the 2023 peak of 20.0165, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
TOP to MUR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 19.4033, compared to 19.5964 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1931 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 1.7172 MUR (High: 19.6590 / Low: 17.9418). On the other end, May was the most stable month, with a tight range of 0.1956 MUR (High: 19.5762 / Low: 19.3806).
Growth Streaks & Declines
TrendsBetween 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 0.1553 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 19.4842) against the same month in 2023 (average: 19.1827), the exchange rate shifted by +0.3015 (+1.57%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 19.3944 | 18.6969 | 18.9663 |
| February | 19.8394 | 19.0213 | 19.3657 |
| March | 19.6590 | 17.9418 | 19.3833 |
| April | 20.0072 | 19.1845 | 19.4842 |
| May | 19.5762 | 19.3806 | 19.4701 |
| June | 19.9686 | 19.4541 | 19.7501 |
| July | 19.9781 | 19.5167 | 19.7505 |
| August | 19.8651 | 19.4096 | 19.5952 |
| September | 19.9282 | 19.4848 | 19.6156 |
| October | 19.8355 | 19.3061 | 19.5708 |
| November | 19.8076 | 19.2384 | 19.4843 |
| December | 19.7116 | 19.3984 | 19.5618 |