2024 INR to MVR Historical Review

YEARLY HIGH

0.1876 MVR

YEARLY LOW

0.1733 MVR

YEARLY AVERAGE

0.1841 MVR

2024 INR to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the INR to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 0.1876. Conversely, the yearly low was recorded on May 2, dropping to 0.1733.

This high-to-low spread represents a total annual volatility of 0.0143 MVR. From a start-to-finish perspective, comparing the January average rate of 0.1853 to the December average rate of 0.1813, the exchange rate registered a net change of -2.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1876 was down 1.24% compared to the 2023 peak of 0.1900, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 INR based on timing:

Yearly Peak High 46,906 MVR

2023 Average 46,541 MVR

Yearly Trough Low 43,328 MVR

Transaction Impact: A difference of 3,578.46 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1863

0.1808

JanuMarcMayJulySeptNove

INR 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 0.1852, compared to 0.1829 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 0.1852

H2 Avg (Jul–Dec) 0.1829

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0128 MVR (High: 0.1861 / Low: 0.1733). On the other end, October was the most stable month, with a tight range of 0.0006 MVR (High: 0.1831 / Low: 0.1825).

May Spread (Volatile) ±0.0128

October Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0017 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.1858) against the same month in 2023 (average: 0.1870), the exchange rate shifted by -0.0011 (-0.61%).

2024 Avg (March) 0.1858

2023 Avg (March) 0.1870

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1859	0.1848	0.1853
February	0.1860	0.1848	0.1855
March	0.1876	0.1848	0.1858
April	0.1856	0.1847	0.1853
May	0.1861	0.1733	0.1850
June	0.1853	0.1831	0.1844
July	0.1852	0.1832	0.1842
August	0.1839	0.1827	0.1833
September	0.1840	0.1828	0.1832
October	0.1831	0.1825	0.1827
November	0.1834	0.1825	0.1830
December	0.1828	0.1795	0.1813