2024 MVR to CVE Historical Review

YEARLY HIGH

7.1343 CVE

YEARLY LOW

6.4177 CVE

YEARLY AVERAGE

6.6230 CVE

2024 MVR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 7.1343. Conversely, the yearly low was recorded on August 25, dropping to 6.4177.

This high-to-low spread represents a total annual volatility of 0.7167 CVE. From a start-to-finish perspective, comparing the January average rate of 6.5669 to the December average rate of 6.8300, the exchange rate registered a net change of 4.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 7.1343 was up 4.20% compared to the 2023 peak of 6.8468, 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 35,672 CVE

2023 Average 33,208 CVE

Yearly Trough Low 32,088 CVE

Transaction Impact: A difference of 3,583.30 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

6.8658

6.4365

JanuMarcMayJulySeptNove

MVR to CVE 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 6.6208, compared to 6.6252 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0043 points.

H1 Avg (Jan–Jun) 6.6208

H2 Avg (Jul–Dec) 6.6252

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.5882 CVE (High: 7.1343 / Low: 6.5461). On the other end, September was the most stable month, with a tight range of 0.0964 CVE (High: 6.5194 / Low: 6.4230).

May Spread (Volatile) ±0.5882

September Spread (Stable) ±0.0964

Growth Streaks & Declines

Trends

Between September and December, 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 0.0824 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0824

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 6.6249) against the same month in 2023 (average: 6.6251), the exchange rate shifted by -0.0002 (-0.00%).

2024 Avg (May) 6.6249

2023 Avg (May) 6.6251

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.6153	6.4823	6.5669
February	6.7125	6.6048	6.6435
March	6.6396	6.4929	6.5798
April	6.7233	6.5708	6.6477
May	7.1343	6.5461	6.6249
June	6.7523	6.5732	6.6622
July	6.6916	6.5410	6.6057
August	6.6764	6.4177	6.5234
September	6.5194	6.4230	6.4723
October	6.6680	6.4770	6.5974
November	6.8513	6.5693	6.7222
December	6.8986	6.7495	6.8300