2024 AZN to MVR Historical Review

YEARLY HIGH

9.1471 MVR

YEARLY LOW

8.5029 MVR

YEARLY AVERAGE

9.0598 MVR

2024 AZN to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AZN to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 9.1471. Conversely, the yearly low was recorded on May 2, dropping to 8.5029.

This high-to-low spread represents a total annual volatility of 0.6441 MVR. From a start-to-finish perspective, comparing the January average rate of 9.0577 to the December average rate of 9.0638, the exchange rate registered a net change of 0.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 9.1471 was up 0.48% compared to the 2023 peak of 9.1029, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 45,735 MVR

2023 Average 45,206 MVR

Yearly Trough Low 42,515 MVR

Transaction Impact: A difference of 3,220.59 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

9.0939

9.0262

JanuMarcMayJulySeptNove

AZN 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 9.0677, compared to 9.0519 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0158 points.

H1 Avg (Jan–Jun) 9.0677

H2 Avg (Jul–Dec) 9.0519

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.5912 MVR (High: 9.0941 / Low: 8.5029). On the other end, October was the most stable month, with a tight range of 0.0059 MVR (High: 9.0353 / Low: 9.0294).

May Spread (Volatile) ±0.5912

October Spread (Stable) ±0.0059

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 May and June, when the average rate fell by 0.0169 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0169

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 9.0761) against the same month in 2023 (average: 9.0421), the exchange rate shifted by +0.0340 (+0.38%).

2024 Avg (March) 9.0761

2023 Avg (March) 9.0421

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.0647	9.0302	9.0577
February	9.0735	9.0294	9.0557
March	9.1471	9.0588	9.0761
April	9.0941	9.0566	9.0882
May	9.0941	8.5029	9.0727
June	9.0882	8.9794	9.0558
July	9.0941	9.0294	9.0563
August	9.0735	9.0294	9.0468
September	9.0353	9.0294	9.0326
October	9.0353	9.0294	9.0319
November	9.0941	9.0324	9.0799
December	9.0941	9.0588	9.0638