2024 KES to MVR Historical Review

YEARLY HIGH

0.1216 MVR

YEARLY LOW

0.0939 MVR

YEARLY AVERAGE

0.1149 MVR

2024 KES to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the KES to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 0.1216. Conversely, the yearly low was recorded on February 4, dropping to 0.0939.

This high-to-low spread represents a total annual volatility of 0.0277 MVR. From a start-to-finish perspective, comparing the January average rate of 0.0964 to the December average rate of 0.1192, the exchange rate registered a net change of 23.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1216 was down 2.55% compared to the 2023 peak of 0.1248, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 608 MVR

2023 Average 552 MVR

Yearly Trough Low 470 MVR

Transaction Impact: A difference of 138.47 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1217

0.0941

JanuMarcMayJulySeptNove

KES 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 0.1106, compared to 0.1192 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0086 points.

H1 Avg (Jan–Jun) 0.1106

H2 Avg (Jul–Dec) 0.1192

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0140 MVR (High: 0.1079 / Low: 0.0939). On the other end, October was the most stable month, with a tight range of 0.0004 MVR (High: 0.1192 / Low: 0.1188).

February Spread (Volatile) ±0.0140

October Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.0004 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 0.1193) against the same month in 2023 (average: 0.1087), the exchange rate shifted by +0.0106 (+9.73%).

2024 Avg (July) 0.1193

2023 Avg (July) 0.1087

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0988	0.0942	0.0964
February	0.1079	0.0939	0.1012
March	0.1171	0.1048	0.1124
April	0.1215	0.1149	0.1177
May	0.1206	0.1071	0.1173
June	0.1199	0.1172	0.1188
July	0.1216	0.1165	0.1193
August	0.1199	0.1181	0.1191
September	0.1195	0.1189	0.1191
October	0.1192	0.1188	0.1190
November	0.1198	0.1190	0.1194
December	0.1198	0.1188	0.1192