2024 KWD to MVR Historical Review

YEARLY HIGH

50.6073 MVR

YEARLY LOW

46.9883 MVR

YEARLY AVERAGE

50.1940 MVR

2024 KWD to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the KWD to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 50.6073. Conversely, the yearly low was recorded on May 2, dropping to 46.9883.

This high-to-low spread represents a total annual volatility of 3.6191 MVR. From a start-to-finish perspective, comparing the January average rate of 50.0746 to the December average rate of 50.0725, the exchange rate registered a net change of -0.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 50.6073 was down 0.57% compared to the 2023 peak of 50.8951, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 253,037 MVR

2023 Average 250,087 MVR

Yearly Trough Low 234,941 MVR

Transaction Impact: A difference of 18,095.39 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

50.3714

49.9822

JanuMarcMayJulySeptNove

KWD 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 50.1519, compared to 50.2361 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0843 points.

H1 Avg (Jan–Jun) 50.1519

H2 Avg (Jul–Dec) 50.2361

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 3.4547 MVR (High: 50.4429 / Low: 46.9883). On the other end, January was the most stable month, with a tight range of 0.1091 MVR (High: 50.1379 / Low: 50.0288).

May Spread (Volatile) ±3.4547

January Spread (Stable) ±0.1091

Growth Streaks & Declines

Trends

Between April and July, 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 0.1979 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1979

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 50.2038) against the same month in 2023 (average: 50.1555), the exchange rate shifted by +0.0483 (+0.10%).

2024 Avg (March) 50.2038

2023 Avg (March) 50.1555

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	50.1379	50.0288	50.0746
February	50.1921	49.7985	50.0146
March	50.6073	50.0325	50.2038
April	50.2730	50.1046	50.1911
May	50.4429	46.9883	50.2114
June	50.4628	49.7620	50.2156
July	50.5998	50.1860	50.3389
August	50.5034	50.2112	50.3330
September	50.4084	50.2383	50.3094
October	50.2759	50.0481	50.1116
November	50.3180	50.0799	50.2514
December	50.3417	49.9279	50.0725