2024 BOB to MVR Historical Review

YEARLY HIGH

2.2500 MVR

YEARLY LOW

2.0914 MVR

YEARLY AVERAGE

2.2283 MVR

2024 BOB to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BOB to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 2.2500. Conversely, the yearly low was recorded on May 2, dropping to 2.0914.

This high-to-low spread represents a total annual volatility of 0.1586 MVR. From a start-to-finish perspective, comparing the January average rate of 2.2292 to the December average rate of 2.2299, the exchange rate registered a net change of 0.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.2500 was down 0.46% compared to the 2023 peak of 2.2603, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,250 MVR

2023 Average 11,126 MVR

Yearly Trough Low 10,457 MVR

Transaction Impact: A difference of 793.10 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.2353

2.2176

JanuMarcMayJulySeptNove

BOB 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 2.2305, compared to 2.2261 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0044 points.

H1 Avg (Jan–Jun) 2.2305

H2 Avg (Jul–Dec) 2.2261

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1578 MVR (High: 2.2492 / Low: 2.0914). On the other end, January was the most stable month, with a tight range of 0.0125 MVR (High: 2.2349 / Low: 2.2224).

May Spread (Volatile) ±0.1578

January Spread (Stable) ±0.0125

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0061 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0061

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 2.2338) against the same month in 2023 (average: 2.2281), the exchange rate shifted by +0.0057 (+0.26%).

2024 Avg (March) 2.2338

2023 Avg (March) 2.2281

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2349	2.2224	2.2292
February	2.2332	2.2083	2.2271
March	2.2500	2.2231	2.2338
April	2.2403	2.2237	2.2329
May	2.2492	2.0914	2.2322
June	2.2355	2.2080	2.2276
July	2.2424	2.2206	2.2285
August	2.2430	2.2153	2.2273
September	2.2283	2.2138	2.2211
October	2.2248	2.2120	2.2191
November	2.2468	2.2169	2.2308
December	2.2415	2.2213	2.2299