2024 FKP to MVR Historical Review

YEARLY HIGH

20.6237 MVR

YEARLY LOW

18.1262 MVR

YEARLY AVERAGE

19.6848 MVR

2024 FKP to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the FKP to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 20.6237. Conversely, the yearly low was recorded on May 2, dropping to 18.1262.

This high-to-low spread represents a total annual volatility of 2.4974 MVR. From a start-to-finish perspective, comparing the January average rate of 19.5722 to the December average rate of 19.4677, the exchange rate registered a net change of -0.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 20.6237 was up 1.94% compared to the 2023 peak of 20.2308, 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 103,118 MVR

2023 Average 95,601 MVR

Yearly Trough Low 90,631 MVR

Transaction Impact: A difference of 12,487.09 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

20.3977

19.2351

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 19.5025, compared to 19.8672 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3647 points.

H1 Avg (Jan–Jun) 19.5025

H2 Avg (Jul–Dec) 19.8672

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 1.6184 MVR (High: 19.7446 / Low: 18.1262). On the other end, January was the most stable month, with a tight range of 0.2468 MVR (High: 19.6801 / Low: 19.4333).

May Spread (Volatile) ±1.6184

January Spread (Stable) ±0.2468

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.3515 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.3515

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 20.3008) against the same month in 2023 (average: 19.0976), the exchange rate shifted by +1.2033 (+6.30%).

2024 Avg (September) 20.3008

2023 Avg (September) 19.0976

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.6801	19.4333	19.5722
February	19.6293	19.2934	19.4455
March	19.8952	19.4632	19.6133
April	19.5862	19.0928	19.3320
May	19.7446	18.1262	19.4903
June	19.7273	19.3084	19.5616
July	20.0655	19.4734	19.8141
August	20.3468	19.4801	19.9114
September	20.6237	20.0266	20.3008
October	20.3890	19.7977	20.0303
November	20.0990	19.3714	19.6788
December	19.6812	19.2457	19.4677