2024 CNY to MVR Historical Review

YEARLY HIGH

2.1907 MVR

YEARLY LOW

1.9967 MVR

YEARLY AVERAGE

2.1461 MVR

2024 CNY to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CNY to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 2.1907. Conversely, the yearly low was recorded on May 2, dropping to 1.9967.

This high-to-low spread represents a total annual volatility of 0.1940 MVR. From a start-to-finish perspective, comparing the January average rate of 2.1660 to the December average rate of 2.1161, the exchange rate registered a net change of -2.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.1907 was down 4.65% compared to the 2023 peak of 2.2975, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 54,769 MVR

2023 Average 54,355 MVR

Yearly Trough Low 49,918 MVR

Transaction Impact: A difference of 4,850.92 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.1761

2.1107

JanuMarcMayJulySeptNove

CNY 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 2.1475, compared to 2.1448 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 2.1475

H2 Avg (Jul–Dec) 2.1448

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1893 MVR (High: 2.1860 / Low: 1.9967). On the other end, December was the most stable month, with a tight range of 0.0250 MVR (High: 2.1349 / Low: 2.1098).

May Spread (Volatile) ±0.1893

December Spread (Stable) ±0.0250

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 0.0261 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0261

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.1706) against the same month in 2023 (average: 2.1140), the exchange rate shifted by +0.0566 (+2.68%).

2024 Avg (September) 2.1706

2023 Avg (September) 2.1140

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1756	2.1408	2.1660
February	2.1687	2.1340	2.1508
March	2.1623	2.1372	2.1446
April	2.1801	2.1325	2.1379
May	2.1860	1.9967	2.1523
June	2.1742	2.1005	2.1335
July	2.1572	2.1103	2.1216
August	2.1655	2.1191	2.1522
September	2.1907	2.1554	2.1706
October	2.1871	2.1533	2.1658
November	2.1694	2.1319	2.1422
December	2.1349	2.1098	2.1161