2024 ZAR to MUR Historical Review

YEARLY HIGH

2.6869 MUR

YEARLY LOW

2.2636 MUR

YEARLY AVERAGE

2.5219 MUR

2024 ZAR to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 2.6869. Conversely, the yearly low was recorded on March 12, dropping to 2.2636.

This high-to-low spread represents a total annual volatility of 0.4233 MUR. From a start-to-finish perspective, comparing the January average rate of 2.3827 to the December average rate of 2.5685, the exchange rate registered a net change of 7.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.6869 was up 0.99% compared to the 2023 peak of 2.6604, 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 134,345 MUR

2023 Average 122,337 MUR

Yearly Trough Low 113,182 MUR

Transaction Impact: A difference of 21,163.19 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.6561

2.3579

JanuMarcMayJulySeptNove

ZAR 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 2.4542, compared to 2.5896 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1354 points.

H1 Avg (Jan–Jun) 2.4542

H2 Avg (Jul–Dec) 2.5896

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.2140 MUR (High: 2.4776 / Low: 2.2636). On the other end, July was the most stable month, with a tight range of 0.0830 MUR (High: 2.6000 / Low: 2.5170).

March Spread (Volatile) ±0.2140

July Spread (Stable) ±0.0830

Growth Streaks & Declines

Trends

Between January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0369 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0369

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.6147) against the same month in 2023 (average: 2.3719), the exchange rate shifted by +0.2428 (+10.24%).

2024 Avg (September) 2.6147

2023 Avg (September) 2.3719

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4390	2.3084	2.3827
February	2.4899	2.3626	2.4109
March	2.4776	2.2636	2.4346
April	2.5154	2.4115	2.4600
May	2.5542	2.4485	2.5047
June	2.6141	2.4148	2.5323
July	2.6000	2.5170	2.5639
August	2.6129	2.4800	2.5649
September	2.6869	2.5660	2.6147
October	2.6791	2.5783	2.6312
November	2.6843	2.5484	2.5943
December	2.6407	2.4841	2.5685