2024 ETB to MVR Historical Review

YEARLY HIGH

0.2755 MVR

YEARLY LOW

0.1204 MVR

YEARLY AVERAGE

0.2125 MVR

2024 ETB to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ETB to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 0.2755. Conversely, the yearly low was recorded on December 31, dropping to 0.1204.

This high-to-low spread represents a total annual volatility of 0.1552 MVR. From a start-to-finish perspective, comparing the January average rate of 0.2730 to the December average rate of 0.1217, the exchange rate registered a net change of -55.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2755 was down 5.02% compared to the 2023 peak of 0.2901, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,378 MVR

2023 Average 1,404 MVR

Yearly Trough Low 602 MVR

Transaction Impact: A difference of 775.75 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2881

0.1065

JanuMarcMayJulySeptNove

ETB 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 0.2709, compared to 0.1541 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1168 points.

H1 Avg (Jan–Jun) 0.2709

H2 Avg (Jul–Dec) 0.1541

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0656 MVR (High: 0.2693 / Low: 0.2036). On the other end, January was the most stable month, with a tight range of 0.0036 MVR (High: 0.2755 / Low: 0.2719).

July Spread (Volatile) ±0.0656

January Spread (Stable) ±0.0036

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 July and August, when the average rate fell by 0.1135 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1135

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.2730) against the same month in 2023 (average: 0.2868), the exchange rate shifted by -0.0139 (-4.84%).

2024 Avg (January) 0.2730

2023 Avg (January) 0.2868

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2755	0.2719	0.2730
February	0.2737	0.2696	0.2719
March	0.2743	0.2706	0.2721
April	0.2731	0.2687	0.2716
May	0.2714	0.2527	0.2690
June	0.2701	0.2643	0.2677
July	0.2693	0.2036	0.2649
August	0.1948	0.1361	0.1514
September	0.1391	0.1281	0.1331
October	0.1298	0.1258	0.1276
November	0.1282	0.1222	0.1259
December	0.1240	0.1204	0.1217