2024 KRW to MVR Historical Review

YEARLY HIGH

0.0120 MVR

YEARLY LOW

0.0104 MVR

YEARLY AVERAGE

0.0113 MVR

2024 KRW to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the KRW to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0120. Conversely, the yearly low was recorded on December 31, dropping to 0.0104.

This high-to-low spread represents a total annual volatility of 0.0016 MVR. From a start-to-finish perspective, comparing the January average rate of 0.0116 to the December average rate of 0.0107, the exchange rate registered a net change of -8.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0120 was down 4.31% compared to the 2023 peak of 0.0126, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 60,126 MVR

2023 Average 58,869 MVR

Yearly Trough Low 52,086 MVR

Transaction Impact: A difference of 8,040.54 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0117

0.0106

JanuMarcMayJulySeptNove

KRW 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 0.0114, compared to 0.0112 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0114

H2 Avg (Jul–Dec) 0.0112

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0009 MVR (High: 0.0115 / Low: 0.0106). On the other end, February was the most stable month, with a tight range of 0.0002 MVR (High: 0.0116 / Low: 0.0114).

May Spread (Volatile) ±0.0009

February Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between July and September, 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 0.0004 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0116) against the same month in 2023 (average: 0.0124), the exchange rate shifted by -0.0008 (-6.10%).

2024 Avg (January) 0.0116

2023 Avg (January) 0.0124

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0120	0.0115	0.0116
February	0.0116	0.0114	0.0116
March	0.0118	0.0114	0.0116
April	0.0115	0.0111	0.0113
May	0.0115	0.0106	0.0113
June	0.0113	0.0110	0.0111
July	0.0113	0.0110	0.0111
August	0.0116	0.0112	0.0114
September	0.0117	0.0114	0.0115
October	0.0116	0.0111	0.0113
November	0.0112	0.0110	0.0111
December	0.0111	0.0104	0.0107