2024 AFN to MVR Historical Review

YEARLY HIGH

0.2360 MVR

YEARLY LOW

0.2016 MVR

YEARLY AVERAGE

0.2186 MVR

2024 AFN to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AFN to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 17, valuing the pair at 0.2360. Conversely, the yearly low was recorded on May 2, dropping to 0.2016.

This high-to-low spread represents a total annual volatility of 0.0344 MVR. From a start-to-finish perspective, comparing the January average rate of 0.2154 to the December average rate of 0.2220, the exchange rate registered a net change of 3.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2360 was up 4.96% compared to the 2023 peak of 0.2248, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,180 MVR

2023 Average 936 MVR

Yearly Trough Low 1,008 MVR

Transaction Impact: A difference of 171.89 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2308

0.2086

JanuMarcMayJulySeptNove

AFN to MVR 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 0.2147, compared to 0.2225 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0077 points.

H1 Avg (Jan–Jun) 0.2147

H2 Avg (Jul–Dec) 0.2225

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0177 MVR (High: 0.2193 / Low: 0.2016). On the other end, August was the most stable month, with a tight range of 0.0031 MVR (High: 0.2193 / Low: 0.2162).

May Spread (Volatile) ±0.0177

August Spread (Stable) ±0.0031

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0061 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0061

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 0.2289) against the same month in 2023 (average: 0.2038), the exchange rate shifted by +0.0252 (+12.35%).

2024 Avg (October) 0.2289

2023 Avg (October) 0.2038

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2202	0.2073	0.2154
February	0.2133	0.2046	0.2104
March	0.2177	0.2115	0.2138
April	0.2172	0.2138	0.2153
May	0.2193	0.2016	0.2152
June	0.2207	0.2148	0.2183
July	0.2196	0.2162	0.2176
August	0.2193	0.2162	0.2172
September	0.2259	0.2162	0.2210
October	0.2360	0.2231	0.2289
November	0.2306	0.2254	0.2281
December	0.2286	0.2185	0.2220