2024 CVE to MVR Historical Review

YEARLY HIGH

0.1558 MVR

YEARLY LOW

0.1402 MVR

YEARLY AVERAGE

0.1510 MVR

2024 CVE to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.1558. Conversely, the yearly low was recorded on May 2, dropping to 0.1402.

This high-to-low spread represents a total annual volatility of 0.0157 MVR. From a start-to-finish perspective, comparing the January average rate of 0.1523 to the December average rate of 0.1464, the exchange rate registered a net change of -3.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1558 was down 0.88% compared to the 2023 peak of 0.1572, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 779 MVR

2023 Average 753 MVR

Yearly Trough Low 701 MVR

Transaction Impact: A difference of 78.26 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1553

0.1456

JanuMarcMayJulySeptNove

CVE 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 0.1511, compared to 0.1510 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.1511

H2 Avg (Jul–Dec) 0.1510

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0126 MVR (High: 0.1528 / Low: 0.1402). On the other end, September was the most stable month, with a tight range of 0.0023 MVR (High: 0.1557 / Low: 0.1534).

May Spread (Volatile) ±0.0126

September Spread (Stable) ±0.0023

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 September and October, when the average rate fell by 0.0029 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.1533) against the same month in 2023 (average: 0.1520), the exchange rate shifted by +0.0013 (+0.84%).

2024 Avg (August) 0.1533

2023 Avg (August) 0.1520

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1543	0.1512	0.1523
February	0.1514	0.1490	0.1505
March	0.1540	0.1506	0.1520
April	0.1522	0.1487	0.1504
May	0.1528	0.1402	0.1510
June	0.1521	0.1481	0.1501
July	0.1529	0.1494	0.1514
August	0.1558	0.1498	0.1533
September	0.1557	0.1534	0.1545
October	0.1544	0.1500	0.1516
November	0.1522	0.1460	0.1488
December	0.1482	0.1450	0.1464