2024 MVR to EUR Historical Review

YEARLY HIGH

0.0645 EUR

YEARLY LOW

0.0581 EUR

YEARLY AVERAGE

0.0600 EUR

2024 MVR to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 0.0645. Conversely, the yearly low was recorded on August 21, dropping to 0.0581.

This high-to-low spread represents a total annual volatility of 0.0064 EUR. From a start-to-finish perspective, comparing the January average rate of 0.0595 to the December average rate of 0.0620, 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 0.0645 was up 3.71% compared to the 2023 peak of 0.0622, 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 322 EUR

2023 Average 301 EUR

Yearly Trough Low 291 EUR

Transaction Impact: A difference of 31.77 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0623

0.0583

JanuMarcMayJulySeptNove

MVR to EUR 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 0.0600, compared to 0.0600 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0600

H2 Avg (Jul–Dec) 0.0600

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0050 EUR (High: 0.0645 / Low: 0.0594). On the other end, September was the most stable month, with a tight range of 0.0010 EUR (High: 0.0591 / Low: 0.0582).

May Spread (Volatile) ±0.0050

September Spread (Stable) ±0.0010

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 0.0009 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.0600) against the same month in 2023 (average: 0.0599), the exchange rate shifted by +0.0001 (+0.11%).

2024 Avg (May) 0.0600

2023 Avg (May) 0.0599

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0601	0.0588	0.0595
February	0.0608	0.0597	0.0602
March	0.0600	0.0587	0.0596
April	0.0609	0.0596	0.0604
May	0.0645	0.0594	0.0600
June	0.0611	0.0595	0.0604
July	0.0605	0.0592	0.0598
August	0.0604	0.0581	0.0590
September	0.0591	0.0582	0.0586
October	0.0604	0.0588	0.0598
November	0.0621	0.0593	0.0610
December	0.0627	0.0613	0.0620