2024 MYR to NZD Historical Review

YEARLY HIGH

0.3998 NZD

YEARLY LOW

0.3374 NZD

YEARLY AVERAGE

0.3620 NZD

2024 MYR to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.3998. Conversely, the yearly low was recorded on February 21, dropping to 0.3374.

This high-to-low spread represents a total annual volatility of 0.0624 NZD. From a start-to-finish perspective, comparing the January average rate of 0.3459 to the December average rate of 0.3907, the exchange rate registered a net change of 12.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3998 was up 7.57% compared to the 2023 peak of 0.3717, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 7,997 NZD

2023 Average 7,147 NZD

Yearly Trough Low 6,748 NZD

Transaction Impact: A difference of 1,248.96 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3956

0.3375

JanuMarcMayJulySeptNove

MYR to NZD 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 0.3475, compared to 0.3766 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0290 points.

H1 Avg (Jan–Jun) 0.3475

H2 Avg (Jul–Dec) 0.3766

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0211 NZD (High: 0.3668 / Low: 0.3457). On the other end, January was the most stable month, with a tight range of 0.0045 NZD (High: 0.3484 / Low: 0.3439).

July Spread (Volatile) ±0.0211

January Spread (Stable) ±0.0045

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0035 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0035

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.3907) against the same month in 2023 (average: 0.3447), the exchange rate shifted by +0.0460 (+13.34%).

2024 Avg (December) 0.3907

2023 Avg (December) 0.3447

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3484	0.3439	0.3459
February	0.3496	0.3374	0.3424
March	0.3547	0.3424	0.3489
April	0.3569	0.3472	0.3525
May	0.3532	0.3454	0.3493
June	0.3492	0.3426	0.3461
July	0.3668	0.3457	0.3542
August	0.3798	0.3666	0.3723
September	0.3870	0.3686	0.3772
October	0.3857	0.3809	0.3831
November	0.3872	0.3779	0.3819
December	0.3998	0.3804	0.3907