2021 MVR to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 MVR to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the MVR to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 668.9564. Conversely, the yearly low was recorded on December 21, dropping to 601.6875.
This high-to-low spread represents a total annual volatility of 67.2689 GNF. From a start-to-finish perspective, comparing the January average rate of 662.5137 to the December average rate of 609.6964, the exchange rate registered a net change of -7.97% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 668.9564 was up 2.92% compared to the 2020 peak of 650.0000, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MVR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
MVR to GNF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 649.2699, compared to 626.3324 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 22.9375 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was January, with a trading range of 19.4888 GNF (High: 668.9564 / Low: 649.4676). On the other end, September was the most stable month, with a tight range of 3.0957 GNF (High: 635.0324 / Low: 631.9366).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 11.6948 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2021: 662.5137) against the same month in 2020 (average: 613.7024), the exchange rate shifted by +48.8113 (+7.95%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 668.9564 | 649.4676 | 662.5137 |
| February | 668.3659 | 653.4718 | 660.2232 |
| March | 657.2984 | 648.4476 | 652.2276 |
| April | 648.2933 | 640.2560 | 645.1335 |
| May | 646.2541 | 634.3549 | 639.8678 |
| June | 640.2284 | 632.6544 | 635.6535 |
| July | 639.6104 | 631.7894 | 636.4145 |
| August | 636.2071 | 630.9634 | 632.8618 |
| September | 635.0324 | 631.9366 | 633.4142 |
| October | 633.5060 | 623.5318 | 628.6511 |
| November | 624.2520 | 608.4142 | 616.9563 |
| December | 619.9412 | 601.6875 | 609.6964 |