2024 MVR to GBP Historical Review

YEARLY HIGH

0.0552 GBP

YEARLY LOW

0.0485 GBP

YEARLY AVERAGE

0.0508 GBP

2024 MVR to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 0.0552. Conversely, the yearly low was recorded on September 24, dropping to 0.0485.

This high-to-low spread represents a total annual volatility of 0.0067 GBP. From a start-to-finish perspective, comparing the January average rate of 0.0511 to the December average rate of 0.0514, the exchange rate registered a net change of 0.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0552 was up 0.16% compared to the 2023 peak of 0.0551, 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 276 GBP

2023 Average 262 GBP

Yearly Trough Low 242 GBP

Transaction Impact: A difference of 33.40 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0520

0.0490

JanuMarcMayJulySeptNove

MVR to GBP 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 0.0513, compared to 0.0503 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0513

H2 Avg (Jul–Dec) 0.0503

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0045 GBP (High: 0.0552 / Low: 0.0506). On the other end, January was the most stable month, with a tight range of 0.0006 GBP (High: 0.0515 / Low: 0.0508).

May Spread (Volatile) ±0.0045

January Spread (Stable) ±0.0006

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 0.0010 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.0513) against the same month in 2023 (average: 0.0522), the exchange rate shifted by -0.0009 (-1.75%).

2024 Avg (May) 0.0513

2023 Avg (May) 0.0522

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0515	0.0508	0.0511
February	0.0518	0.0509	0.0514
March	0.0514	0.0503	0.0510
April	0.0524	0.0511	0.0517
May	0.0552	0.0506	0.0513
June	0.0518	0.0507	0.0511
July	0.0514	0.0498	0.0505
August	0.0513	0.0491	0.0502
September	0.0499	0.0485	0.0493
October	0.0505	0.0490	0.0499
November	0.0516	0.0498	0.0508
December	0.0520	0.0508	0.0514