2024 MVR to FJD Historical Review

YEARLY HIGH

0.1559 FJD

YEARLY LOW

0.1422 FJD

YEARLY AVERAGE

0.1461 FJD

2024 MVR to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 0.1559. Conversely, the yearly low was recorded on September 28, dropping to 0.1422.

This high-to-low spread represents a total annual volatility of 0.0138 FJD. From a start-to-finish perspective, comparing the January average rate of 0.1450 to the December average rate of 0.1497, the exchange rate registered a net change of 3.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1559 was up 3.10% compared to the 2023 peak of 0.1512, 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 780 FJD

2023 Average 725 FJD

Yearly Trough Low 711 FJD

Transaction Impact: A difference of 68.82 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1503

0.1432

JanuMarcMayJulySeptNove

MVR to FJD 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 0.1460, compared to 0.1461 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.1460

H2 Avg (Jul–Dec) 0.1461

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0118 FJD (High: 0.1559 / Low: 0.1441). On the other end, February was the most stable month, with a tight range of 0.0025 FJD (High: 0.1477 / Low: 0.1451).

May Spread (Volatile) ±0.0118

February Spread (Stable) ±0.0025

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 August and September, when the average rate fell by 0.0013 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.1463) against the same month in 2023 (average: 0.1450), the exchange rate shifted by +0.0013 (+0.90%).

2024 Avg (May) 0.1463

2023 Avg (May) 0.1450

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1472	0.1425	0.1450
February	0.1477	0.1451	0.1461
March	0.1477	0.1434	0.1459
April	0.1484	0.1449	0.1467
May	0.1559	0.1441	0.1463
June	0.1472	0.1446	0.1460
July	0.1473	0.1436	0.1458
August	0.1474	0.1434	0.1450
September	0.1460	0.1422	0.1438
October	0.1485	0.1427	0.1455
November	0.1486	0.1452	0.1468
December	0.1511	0.1464	0.1497