2024 HRK to MVR Historical Review

YEARLY HIGH

2.2835 MVR

YEARLY LOW

2.0586 MVR

YEARLY AVERAGE

2.2117 MVR

2024 HRK to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HRK to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 21, valuing the pair at 2.2835. Conversely, the yearly low was recorded on May 2, dropping to 2.0586.

This high-to-low spread represents a total annual volatility of 0.2250 MVR. From a start-to-finish perspective, comparing the January average rate of 2.2296 to the December average rate of 2.1415, the exchange rate registered a net change of -3.95% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.2835 was down 0.62% compared to the 2023 peak of 2.2977, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,418 MVR

2023 Average 11,034 MVR

Yearly Trough Low 10,293 MVR

Transaction Impact: A difference of 1,124.81 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.2761

2.1292

JanuMarcMayJulySeptNove

HRK 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 2.2119, compared to 2.2115 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 2.2119

H2 Avg (Jul–Dec) 2.2115

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1743 MVR (High: 2.2329 / Low: 2.0586). On the other end, September was the most stable month, with a tight range of 0.0364 MVR (High: 2.2811 / Low: 2.2447).

May Spread (Volatile) ±0.1743

September Spread (Stable) ±0.0364

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 0.0441 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0441

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 2.2498) against the same month in 2023 (average: 2.2254), the exchange rate shifted by +0.0244 (+1.10%).

2024 Avg (August) 2.2498

2023 Avg (August) 2.2254

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2559	2.2102	2.2296
February	2.2226	2.1817	2.2053
March	2.2592	2.2131	2.2260
April	2.2274	2.1779	2.1986
May	2.2329	2.0586	2.2132
June	2.2293	2.1705	2.1985
July	2.2380	2.1945	2.2173
August	2.2835	2.1978	2.2498
September	2.2811	2.2447	2.2639
October	2.2556	2.1964	2.2203
November	2.2355	2.1374	2.1763
December	2.1705	2.1157	2.1415