2024 MVR to DKK Historical Review

YEARLY HIGH

0.4808 DKK

YEARLY LOW

0.4337 DKK

YEARLY AVERAGE

0.4477 DKK

2024 MVR to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 0.4808. Conversely, the yearly low was recorded on August 21, dropping to 0.4337.

This high-to-low spread represents a total annual volatility of 0.0471 DKK. From a start-to-finish perspective, comparing the January average rate of 0.4439 to the December average rate of 0.4623, the exchange rate registered a net change of 4.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4808 was up 3.72% compared to the 2023 peak of 0.4636, 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 2,404 DKK

2023 Average 2,241 DKK

Yearly Trough Low 2,169 DKK

Transaction Impact: A difference of 235.61 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4648

0.4349

JanuMarcMayJulySeptNove

MVR to DKK 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 0.4475, compared to 0.4479 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.4475

H2 Avg (Jul–Dec) 0.4479

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0373 DKK (High: 0.4808 / Low: 0.4435). On the other end, September was the most stable month, with a tight range of 0.0074 DKK (High: 0.4413 / Low: 0.4338).

May Spread (Volatile) ±0.0373

September Spread (Stable) ±0.0074

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 0.0064 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0064

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.4475) against the same month in 2023 (average: 0.4470), the exchange rate shifted by +0.0005 (+0.11%).

2024 Avg (May) 0.4475

2023 Avg (May) 0.4470

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4478	0.4386	0.4439
February	0.4535	0.4451	0.4487
March	0.4473	0.4381	0.4446
April	0.4547	0.4444	0.4503
May	0.4808	0.4435	0.4475
June	0.4561	0.4440	0.4503
July	0.4511	0.4425	0.4466
August	0.4507	0.4337	0.4402
September	0.4413	0.4338	0.4374
October	0.4507	0.4389	0.4459
November	0.4630	0.4426	0.4548
December	0.4681	0.4574	0.4623