2024 JPY to MVR Historical Review

YEARLY HIGH

0.1091 MVR

YEARLY LOW

0.0944 MVR

YEARLY AVERAGE

0.1018 MVR

2024 JPY to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JPY to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1091. Conversely, the yearly low was recorded on May 2, dropping to 0.0944.

This high-to-low spread represents a total annual volatility of 0.0148 MVR. From a start-to-finish perspective, comparing the January average rate of 0.1054 to the December average rate of 0.1001, the exchange rate registered a net change of -5.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1091 was down 9.37% compared to the 2023 peak of 0.1204, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 JPY based on timing:

Yearly Peak High 54,565 MVR

2023 Average 54,819 MVR

Yearly Trough Low 47,190 MVR

Transaction Impact: A difference of 7,375.52 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1083

0.0964

JanuMarcMayJulySeptNove

JPY 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 0.1014, compared to 0.1022 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.1014

H2 Avg (Jul–Dec) 0.1022

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0072 MVR (High: 0.1025 / Low: 0.0953). On the other end, February was the most stable month, with a tight range of 0.0033 MVR (High: 0.1051 / Low: 0.1018).

July Spread (Volatile) ±0.0072

February Spread (Stable) ±0.0033

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 September and October, when the average rate fell by 0.0049 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0049

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1054) against the same month in 2023 (average: 0.1182), the exchange rate shifted by -0.0128 (-10.84%).

2024 Avg (January) 0.1054

2023 Avg (January) 0.1182

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1091	0.1039	0.1054
February	0.1051	0.1018	0.1029
March	0.1053	0.1019	0.1031
April	0.1021	0.0977	0.1003
May	0.1010	0.0944	0.0990
June	0.0993	0.0949	0.0974
July	0.1025	0.0953	0.0978
August	0.1067	0.1029	0.1052
September	0.1091	0.1047	0.1073
October	0.1069	0.1002	0.1024
November	0.1032	0.0987	0.1006
December	0.1033	0.0975	0.1001