2024 MVR to AED Historical Review

YEARLY HIGH

0.2541 AED

YEARLY LOW

0.2362 AED

YEARLY AVERAGE

0.2385 AED

2024 MVR to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 0.2541. Conversely, the yearly low was recorded on March 19, dropping to 0.2362.

This high-to-low spread represents a total annual volatility of 0.0179 AED. From a start-to-finish perspective, comparing the January average rate of 0.2385 to the December average rate of 0.2384, the exchange rate registered a net change of -0.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2541 was up 5.50% compared to the 2023 peak of 0.2408, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,270 AED

2023 Average 1,195 AED

Yearly Trough Low 1,181 AED

Transaction Impact: A difference of 89.59 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2394

0.2375

JanuMarcMayJulySeptNove

MVR to AED 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 0.2382, compared to 0.2387 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.2382

H2 Avg (Jul–Dec) 0.2387

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0165 AED (High: 0.2541 / Low: 0.2376). On the other end, October was the most stable month, with a tight range of 0.0002 AED (High: 0.2393 / Low: 0.2391).

May Spread (Volatile) ±0.0165

October Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between July and October, 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 October and November, when the average rate fell by 0.0013 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.2382) against the same month in 2023 (average: 0.2393), the exchange rate shifted by -0.0011 (-0.48%).

2024 Avg (May) 0.2382

2023 Avg (May) 0.2393

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2386	0.2383	0.2385
February	0.2393	0.2381	0.2386
March	0.2385	0.2362	0.2380
April	0.2378	0.2375	0.2377
May	0.2541	0.2376	0.2382
June	0.2406	0.2377	0.2386
July	0.2393	0.2376	0.2386
August	0.2393	0.2381	0.2388
September	0.2393	0.2391	0.2392
October	0.2393	0.2391	0.2392
November	0.2392	0.2376	0.2380
December	0.2385	0.2376	0.2384