2024 BND to MVR Historical Review

YEARLY HIGH

11.9863 MVR

YEARLY LOW

10.6282 MVR

YEARLY AVERAGE

11.5293 MVR

2024 BND to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BND to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 11.9863. Conversely, the yearly low was recorded on May 2, dropping to 10.6282.

This high-to-low spread represents a total annual volatility of 1.3582 MVR. From a start-to-finish perspective, comparing the January average rate of 11.5364 to the December average rate of 11.4139, the exchange rate registered a net change of -1.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 11.9863 was up 1.98% compared to the 2023 peak of 11.7534, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 59,932 MVR

2023 Average 57,252 MVR

Yearly Trough Low 53,141 MVR

Transaction Impact: A difference of 6,790.88 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

11.8905

11.3411

JanuMarcMayJulySeptNove

BND 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 11.4493, compared to 11.6093 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1600 points.

H1 Avg (Jan–Jun) 11.4493

H2 Avg (Jul–Dec) 11.6093

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.9036 MVR (High: 11.5318 / Low: 10.6282). On the other end, February was the most stable month, with a tight range of 0.1583 MVR (High: 11.5306 / Low: 11.3723).

May Spread (Volatile) ±0.9036

February Spread (Stable) ±0.1583

Growth Streaks & Declines

Trends

Between June and September, 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 October and November, when the average rate fell by 0.1669 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1669

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 11.8447) against the same month in 2023 (average: 11.3167), the exchange rate shifted by +0.5281 (+4.67%).

2024 Avg (September) 11.8447

2023 Avg (September) 11.3167

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.6396	11.4666	11.5364
February	11.5306	11.3723	11.4489
March	11.6621	11.4422	11.5137
April	11.4862	11.3253	11.3953
May	11.5318	10.6282	11.4145
June	11.4486	11.2628	11.3869
July	11.5392	11.3337	11.4360
August	11.8264	11.4813	11.6900
September	11.9863	11.7228	11.8447
October	11.9391	11.5866	11.7189
November	11.7044	11.4566	11.5520
December	11.5622	11.2967	11.4139