2024 MVR to CNY Historical Review

YEARLY HIGH

0.5008 CNY

YEARLY LOW

0.4565 CNY

YEARLY AVERAGE

0.4660 CNY

2024 MVR to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 0.5008. Conversely, the yearly low was recorded on September 29, dropping to 0.4565.

This high-to-low spread represents a total annual volatility of 0.0444 CNY. From a start-to-finish perspective, comparing the January average rate of 0.4617 to the December average rate of 0.4726, the exchange rate registered a net change of 2.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5008 was up 4.77% compared to the 2023 peak of 0.4780, 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 2,504 CNY

2023 Average 2,301 CNY

Yearly Trough Low 2,282 CNY

Transaction Impact: A difference of 221.79 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4738

0.4595

JanuMarcMayJulySeptNove

MVR to CNY 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 0.4657, compared to 0.4663 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.4657

H2 Avg (Jul–Dec) 0.4663

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0434 CNY (High: 0.5008 / Low: 0.4575). On the other end, March was the most stable month, with a tight range of 0.0054 CNY (High: 0.4679 / Low: 0.4625).

May Spread (Volatile) ±0.0434

March Spread (Stable) ±0.0054

Growth Streaks & Declines

Trends

Between January and April, 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 July and August, when the average rate fell by 0.0067 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0067

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.4647) against the same month in 2023 (average: 0.4554), the exchange rate shifted by +0.0093 (+2.04%).

2024 Avg (May) 0.4647

2023 Avg (May) 0.4554

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4671	0.4596	0.4617
February	0.4686	0.4611	0.4650
March	0.4679	0.4625	0.4663
April	0.4689	0.4587	0.4678
May	0.5008	0.4575	0.4647
June	0.4761	0.4599	0.4688
July	0.4739	0.4636	0.4713
August	0.4719	0.4618	0.4647
September	0.4640	0.4565	0.4607
October	0.4644	0.4572	0.4617
November	0.4691	0.4609	0.4668
December	0.4740	0.4684	0.4726