2024 MVR to AZN Historical Review

YEARLY HIGH

0.1176 AZN

YEARLY LOW

0.1093 AZN

YEARLY AVERAGE

0.1104 AZN

2024 MVR to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 0.1176. Conversely, the yearly low was recorded on March 19, dropping to 0.1093.

This high-to-low spread represents a total annual volatility of 0.0083 AZN. From a start-to-finish perspective, comparing the January average rate of 0.1104 to the December average rate of 0.1103, the exchange rate registered a net change of -0.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1176 was up 5.50% compared to the 2023 peak of 0.1115, 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 588 AZN

2023 Average 553 AZN

Yearly Trough Low 547 AZN

Transaction Impact: A difference of 41.41 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1108

0.1100

JanuMarcMayJulySeptNove

MVR to AZN 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 0.1103, compared to 0.1105 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.1103

H2 Avg (Jul–Dec) 0.1105

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0076 AZN (High: 0.1176 / Low: 0.1100). On the other end, October was the most stable month, with a tight range of 0.0001 AZN (High: 0.1107 / Low: 0.1107).

May Spread (Volatile) ±0.0076

October Spread (Stable) ±0.0001

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 0.0006 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.1102) against the same month in 2023 (average: 0.1108), the exchange rate shifted by -0.0005 (-0.50%).

2024 Avg (May) 0.1102

2023 Avg (May) 0.1108

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1107	0.1103	0.1104
February	0.1107	0.1102	0.1104
March	0.1104	0.1093	0.1102
April	0.1104	0.1100	0.1100
May	0.1176	0.1100	0.1102
June	0.1114	0.1100	0.1104
July	0.1107	0.1100	0.1104
August	0.1107	0.1102	0.1105
September	0.1107	0.1107	0.1107
October	0.1107	0.1107	0.1107
November	0.1107	0.1100	0.1101
December	0.1104	0.1100	0.1103