2024 CAD to MVR Historical Review

YEARLY HIGH

11.6276 MVR

YEARLY LOW

10.5764 MVR

YEARLY AVERAGE

11.2429 MVR

2024 CAD to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CAD to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 11.6276. Conversely, the yearly low was recorded on May 2, dropping to 10.5764.

This high-to-low spread represents a total annual volatility of 1.0512 MVR. From a start-to-finish perspective, comparing the January average rate of 11.4783 to the December average rate of 10.8050, the exchange rate registered a net change of -5.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 11.6276 was down 1.06% compared to the 2023 peak of 11.7517, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 58,138 MVR

2023 Average 56,934 MVR

Yearly Trough Low 52,882 MVR

Transaction Impact: A difference of 5,256.03 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

11.5456

10.7377

JanuMarcMayJulySeptNove

CAD 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 11.3497, compared to 11.1362 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2135 points.

H1 Avg (Jan–Jun) 11.3497

H2 Avg (Jul–Dec) 11.1362

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.7855 MVR (High: 11.3619 / Low: 10.5764). On the other end, September was the most stable month, with a tight range of 0.1667 MVR (High: 11.4449 / Low: 11.2782).

May Spread (Volatile) ±0.7855

September Spread (Stable) ±0.1667

Growth Streaks & Declines

Trends

Between July and September, 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 0.2342 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2342

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 11.4783) against the same month in 2023 (average: 11.4638), the exchange rate shifted by +0.0145 (+0.13%).

2024 Avg (January) 11.4783

2023 Avg (January) 11.4638

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.6276	11.3855	11.4783
February	11.5057	11.3149	11.4081
March	11.5418	11.3310	11.3984
April	11.4311	11.1782	11.2962
May	11.3619	10.5764	11.2848
June	11.3250	11.1468	11.2324
July	11.3472	11.0774	11.2257
August	11.4145	11.0582	11.2541
September	11.4449	11.2782	11.3340
October	11.3824	11.0154	11.1591
November	11.1386	10.9563	11.0392
December	11.0321	10.6484	10.8050