YEARLY HIGH
21.0549 MVR
YEARLY LOW
17.6967 MVR
YEARLY AVERAGE
19.8042 MVR

2020 FKP to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the FKP to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 21.0549. Conversely, the yearly low was recorded on March 19, dropping to 17.6967.

This high-to-low spread represents a total annual volatility of 3.3582 MVR. From a start-to-finish perspective, comparing the January average rate of 20.2084 to the December average rate of 20.7282, the exchange rate registered a net change of 2.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 21.0549 was up 1.15% compared to the 2019 peak of 20.8162, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 105,274 MVR
2019 Average 98,624 MVR
Yearly Trough Low 88,483 MVR
Transaction Impact: A difference of 16,791.11 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

20.8982
18.8586
JanuMarcMayJulySeptNove

FKP 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 19.4769, compared to 20.1314 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6545 points.

H1 Avg (Jan–Jun) 19.4769
H2 Avg (Jul–Dec) 20.1314

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 2.6019 MVR (High: 20.2986 / Low: 17.6967). On the other end, October was the most stable month, with a tight range of 0.3893 MVR (High: 20.2322 / Low: 19.8429).

March Spread (Volatile) ±2.6019
October Spread (Stable) ±0.3893

Growth Streaks & Declines

Trends

Between May and August, 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 February and March, when the average rate fell by 0.9183 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.9183

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 20.7282) against the same month in 2019 (average: 20.2488), the exchange rate shifted by +0.4794 (+2.37%).

2020 Avg (December) 20.7282
2019 Avg (December) 20.2488

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 20.4743 20.0643 20.2084
February 20.4143 19.8239 20.0383
March 20.2986 17.6967 19.1200
April 19.4424 18.8139 19.1393
May 19.3781 18.7317 19.0286
June 19.7157 18.9584 19.3268
July 20.1977 19.1980 19.5132
August 20.5929 20.0970 20.2429
September 20.6491 19.5923 19.9510
October 20.2322 19.8429 19.9936
November 20.6223 19.8999 20.3596
December 21.0549 20.3673 20.7282