2024 DKK to MVR Historical Review

YEARLY HIGH

2.3056 MVR

YEARLY LOW

2.0797 MVR

YEARLY AVERAGE

2.2342 MVR

2024 DKK to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the DKK to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 21, valuing the pair at 2.3056. Conversely, the yearly low was recorded on May 2, dropping to 2.0797.

This high-to-low spread represents a total annual volatility of 0.2259 MVR. From a start-to-finish perspective, comparing the January average rate of 2.2528 to the December average rate of 2.1633, the exchange rate registered a net change of -3.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.3056 was down 0.79% compared to the 2023 peak of 2.3239, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,528 MVR

2023 Average 11,157 MVR

Yearly Trough Low 10,398 MVR

Transaction Impact: A difference of 1,129.72 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.2989

2.1510

JanuMarcMayJulySeptNove

DKK 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 2.2346, compared to 2.2338 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 2.2346

H2 Avg (Jul–Dec) 2.2338

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1751 MVR (High: 2.2548 / Low: 2.0797). On the other end, September was the most stable month, with a tight range of 0.0387 MVR (High: 2.3050 / Low: 2.2663).

May Spread (Volatile) ±0.1751

September Spread (Stable) ±0.0387

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 0.0438 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0438

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 2.2719) against the same month in 2023 (average: 2.2500), the exchange rate shifted by +0.0219 (+0.97%).

2024 Avg (August) 2.2719

2023 Avg (August) 2.2500

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2798	2.2333	2.2528
February	2.2466	2.2052	2.2289
March	2.2828	2.2355	2.2492
April	2.2500	2.1994	2.2208
May	2.2548	2.0797	2.2352
June	2.2521	2.1926	2.2207
July	2.2599	2.2168	2.2393
August	2.3056	2.2189	2.2719
September	2.3050	2.2663	2.2865
October	2.2785	2.2185	2.2429
November	2.2592	2.1597	2.1990
December	2.1860	2.1363	2.1633