2021 MVR to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 MVR to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the MVR to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 30, valuing the pair at 2747.7457. Conversely, the yearly low was recorded on June 9, dropping to 2716.4516.
This high-to-low spread represents a total annual volatility of 31.2941 IRR. From a start-to-finish perspective, comparing the January average rate of 2733.4690 to the December average rate of 2737.2709, the exchange rate registered a net change of 0.14% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 2747.7457 was down 36.04% compared to the 2020 peak of 4296.0435, 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 IRR 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 2729.3821, compared to 2734.0833 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.7012 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was June, with a trading range of 31.2941 IRR (High: 2747.7457 / Low: 2716.4516). On the other end, February was the most stable month, with a tight range of 4.4313 IRR (High: 2734.0909 / Low: 2729.6596).
Growth Streaks & Declines
TrendsBetween October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 5.5079 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2021: 2726.3595) against the same month in 2020 (average: 2726.9087), the exchange rate shifted by -0.5492 (-0.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2741.1289 | 2728.7751 | 2733.4690 |
| February | 2734.0909 | 2729.6596 | 2732.9853 |
| March | 2736.4448 | 2723.4799 | 2727.4774 |
| April | 2734.0909 | 2719.0830 | 2724.8200 |
| May | 2742.9967 | 2716.4516 | 2731.1817 |
| June | 2747.7457 | 2716.4516 | 2726.3595 |
| July | 2741.6260 | 2728.3980 | 2734.3823 |
| August | 2739.1234 | 2724.9182 | 2729.1380 |
| September | 2741.1526 | 2729.4498 | 2734.1115 |
| October | 2740.0162 | 2729.4631 | 2733.4649 |
| November | 2743.5065 | 2732.5356 | 2736.1323 |
| December | 2745.1299 | 2732.8590 | 2737.2709 |