2024 MVR to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MVR to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MVR to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 193.2130. Conversely, the yearly low was recorded on January 20, dropping to 172.7273.
This high-to-low spread represents a total annual volatility of 20.4858 CDF. From a start-to-finish perspective, comparing the January average rate of 176.7284 to the December average rate of 185.2353, the exchange rate registered a net change of 4.81% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 193.2130 was up 6.20% compared to the 2023 peak of 181.9347, 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 CDF 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 180.2318, compared to 185.3301 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.0982 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 13.3230 CDF (High: 193.2130 / Low: 179.8901). On the other end, February was the most stable month, with a tight range of 1.7162 CDF (High: 179.8331 / Low: 178.1169).
Growth Streaks & Declines
TrendsBetween January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.6368 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2024: 181.2740) against the same month in 2023 (average: 142.6306), the exchange rate shifted by +38.6434 (+27.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 178.7369 | 172.7273 | 176.7284 |
| February | 179.8331 | 178.1169 | 179.0420 |
| March | 180.7084 | 178.5224 | 179.7463 |
| April | 182.4886 | 179.5470 | 180.6448 |
| May | 193.2130 | 179.8901 | 181.2740 |
| June | 186.2827 | 180.9370 | 183.9554 |
| July | 186.0292 | 183.4918 | 184.7167 |
| August | 187.1745 | 182.9842 | 185.2423 |
| September | 186.6937 | 184.5237 | 185.4909 |
| October | 187.4804 | 184.8881 | 185.9659 |
| November | 186.6272 | 184.5032 | 185.3292 |
| December | 186.3990 | 183.9991 | 185.2353 |