2024 MVR to AMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MVR to AMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MVR to AMD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 26.8488. Conversely, the yearly low was recorded on May 18, dropping to 24.9696.
This high-to-low spread represents a total annual volatility of 1.8792 AMD. From a start-to-finish perspective, comparing the January average rate of 26.2776 to the December average rate of 25.7451, the exchange rate registered a net change of -2.03% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 26.8488 was down 3.38% compared to the 2023 peak of 27.7881, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MVR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MVR to AMD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 25.7104, compared to 25.2972 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4132 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 1.8792 AMD (High: 26.8488 / Low: 24.9696). On the other end, September was the most stable month, with a tight range of 0.1137 AMD (High: 25.2842 / Low: 25.1706).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.6320 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2024: 25.1391) against the same month in 2023 (average: 25.1926), the exchange rate shifted by -0.0535 (-0.21%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 26.3637 | 26.1613 | 26.2776 |
| February | 26.6066 | 26.2637 | 26.3685 |
| March | 26.2357 | 25.4797 | 25.9509 |
| April | 25.6779 | 25.0760 | 25.3189 |
| May | 26.8488 | 24.9696 | 25.1391 |
| June | 25.4281 | 25.1150 | 25.2074 |
| July | 25.3010 | 25.0775 | 25.2015 |
| August | 25.3280 | 25.0247 | 25.1959 |
| September | 25.2842 | 25.1706 | 25.2208 |
| October | 25.3171 | 25.1653 | 25.2206 |
| November | 25.6282 | 25.0067 | 25.1991 |
| December | 26.1664 | 25.4734 | 25.7451 |