2024 MVR to CAD Historical Review

YEARLY HIGH

0.0946 CAD

YEARLY LOW

0.0860 CAD

YEARLY AVERAGE

0.0890 CAD

2024 MVR to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 0.0946. Conversely, the yearly low was recorded on January 1, dropping to 0.0860.

This high-to-low spread represents a total annual volatility of 0.0085 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0871 to the December average rate of 0.0926, the exchange rate registered a net change of 6.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0946 was up 4.47% compared to the 2023 peak of 0.0905, 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 473 CAD

2023 Average 439 CAD

Yearly Trough Low 430 CAD

Transaction Impact: A difference of 42.74 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0931

0.0866

JanuMarcMayJulySeptNove

MVR to CAD 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 0.0881, compared to 0.0898 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.0881

H2 Avg (Jul–Dec) 0.0898

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0065 CAD (High: 0.0946 / Low: 0.0880). On the other end, September was the most stable month, with a tight range of 0.0013 CAD (High: 0.0887 / Low: 0.0874).

May Spread (Volatile) ±0.0065

September Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0006 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.0886) against the same month in 2023 (average: 0.0882), the exchange rate shifted by +0.0005 (+0.52%).

2024 Avg (May) 0.0886

2023 Avg (May) 0.0882

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0878	0.0860	0.0871
February	0.0884	0.0869	0.0877
March	0.0883	0.0866	0.0877
April	0.0895	0.0875	0.0885
May	0.0946	0.0880	0.0886
June	0.0897	0.0883	0.0890
July	0.0903	0.0881	0.0891
August	0.0904	0.0876	0.0889
September	0.0887	0.0874	0.0882
October	0.0908	0.0879	0.0896
November	0.0913	0.0898	0.0906
December	0.0939	0.0906	0.0926