2024 MVR to IDR Historical Review

YEARLY HIGH

1113.4417 IDR

YEARLY LOW

984.6686 IDR

YEARLY AVERAGE

1030.0800 IDR

2024 MVR to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 1113.4417. Conversely, the yearly low was recorded on September 29, dropping to 984.6686.

This high-to-low spread represents a total annual volatility of 128.7731 IDR. From a start-to-finish perspective, comparing the January average rate of 1014.2641 to the December average rate of 1042.7277, the exchange rate registered a net change of 2.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1113.4417 was up 7.57% compared to the 2023 peak of 1035.0455, 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 5,567,209 IDR

2023 Average 4,958,103 IDR

Yearly Trough Low 4,923,343 IDR

Transaction Impact: A difference of 643,865.47 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1069.3053

992.0424

JanuMarcMayJulySeptNove

MVR to IDR 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 1032.8186, compared to 1027.3413 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.4774 points.

H1 Avg (Jan–Jun) 1032.8186

H2 Avg (Jul–Dec) 1027.3413

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 82.5300 IDR (High: 1113.4417 / Low: 1030.9117). On the other end, February was the most stable month, with a tight range of 12.4652 IDR (High: 1024.3681 / Low: 1011.9029).

May Spread (Volatile) ±82.5300

February Spread (Stable) ±12.4652

Growth Streaks & Declines

Trends

Between 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 July and August, when the average rate fell by 30.8625 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -30.8625

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 1041.7031) against the same month in 2023 (average: 967.5079), the exchange rate shifted by +74.1952 (+7.67%).

2024 Avg (May) 1041.7031

2023 Avg (May) 967.5079

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1028.2604	999.3506	1014.2641
February	1024.3681	1011.9029	1017.4657
March	1028.5182	1002.5366	1018.2914
April	1057.4182	1027.6682	1042.3208
May	1113.4417	1030.9117	1041.7031
June	1072.5315	1052.1100	1062.8667
July	1064.7826	1042.1097	1055.4752
August	1061.1088	1002.5166	1024.6127
September	1013.4283	984.6686	998.4810
October	1026.8933	994.8630	1016.5201
November	1034.5430	1010.6652	1026.2310
December	1060.9253	1024.5401	1042.7277