2024 MVR to HUF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MVR to HUF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MVR to HUF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 25.9838. Conversely, the yearly low was recorded on January 8, dropping to 22.3776.
This high-to-low spread represents a total annual volatility of 3.6061 HUF. From a start-to-finish perspective, comparing the January average rate of 22.7399 to the December average rate of 25.5344, the exchange rate registered a net change of 12.29% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 25.9838 was up 5.50% compared to the 2023 peak of 24.6287, 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 2024.
MVR to HUF 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 23.3977, compared to 24.0727 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6750 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 2.2162 HUF (High: 25.0983 / Low: 22.8821). On the other end, September was the most stable month, with a tight range of 0.5410 HUF (High: 23.4681 / Low: 22.9271).
Growth Streaks & Declines
TrendsBetween January and April, 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 April and May, when the average rate fell by 0.4713 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 25.5344) against the same month in 2023 (average: 22.7392), the exchange rate shifted by +2.7952 (+12.29%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.3265 | 22.3776 | 22.7399 |
| February | 23.6088 | 22.8636 | 23.3493 |
| March | 23.8136 | 23.2707 | 23.5494 |
| April | 24.0867 | 23.2325 | 23.7033 |
| May | 25.0983 | 22.8821 | 23.2320 |
| June | 24.1585 | 23.2414 | 23.8126 |
| July | 23.8752 | 23.1957 | 23.4878 |
| August | 23.9316 | 22.8228 | 23.2871 |
| September | 23.4681 | 22.9271 | 23.1425 |
| October | 24.4684 | 23.4171 | 24.0248 |
| November | 25.5498 | 24.2544 | 24.9598 |
| December | 25.9838 | 25.2560 | 25.5344 |