2024 ZAR to MMK Historical Review

YEARLY HIGH

178.3586 MMK

YEARLY LOW

108.5988 MMK

YEARLY AVERAGE

115.7936 MMK

2024 ZAR to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 21, valuing the pair at 178.3586. Conversely, the yearly low was recorded on April 20, dropping to 108.5988.

This high-to-low spread represents a total annual volatility of 69.7597 MMK. From a start-to-finish perspective, comparing the January average rate of 111.9847 to the December average rate of 115.0481, the exchange rate registered a net change of 2.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 178.3586 was up 42.22% compared to the 2023 peak of 125.4103, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 8,917,928 MMK

2023 Average 5,694,292 MMK

Yearly Trough Low 5,429,942 MMK

Transaction Impact: A difference of 3,487,986.15 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

126.3258

108.9869

JanuMarcMayJulySeptNove

ZAR 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 112.9866, compared to 118.6007 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.6140 points.

H1 Avg (Jan–Jun) 112.9866

H2 Avg (Jul–Dec) 118.6007

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 64.5638 MMK (High: 178.3586 / Low: 113.7948). On the other end, October was the most stable month, with a tight range of 2.9690 MMK (High: 120.8932 / Low: 117.9242).

July Spread (Volatile) ±64.5638

October Spread (Stable) ±2.9690

Growth Streaks & Declines

Trends

Between April and July, 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 8.7175 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -8.7175

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 124.8809) against the same month in 2023 (average: 115.2305), the exchange rate shifted by +9.6504 (+8.37%).

2024 Avg (July) 124.8809

2023 Avg (July) 115.2305

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	114.9147	109.2942	111.9847
February	112.8162	108.6611	110.4318
March	113.0776	109.6593	111.3105
April	113.8070	108.5988	111.1634
May	116.2832	111.6816	114.0392
June	137.4568	110.7842	118.9902
July	178.3586	113.7948	124.8809
August	118.4766	112.0121	116.1634
September	122.6793	116.8082	119.2701
October	120.8932	117.9242	119.3981
November	121.2402	114.7499	116.8434
December	118.5110	111.0058	115.0481