2024 MVR to IRR Historical Review

YEARLY HIGH

2910.7575 IRR

YEARLY LOW

2703.2154 IRR

YEARLY AVERAGE

2732.7737 IRR

2024 MVR to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 2910.7575. Conversely, the yearly low was recorded on March 19, dropping to 2703.2154.

This high-to-low spread represents a total annual volatility of 207.5421 IRR. From a start-to-finish perspective, comparing the January average rate of 2730.2124 to the December average rate of 2737.7289, the exchange rate registered a net change of 0.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2910.7575 was up 5.00% compared to the 2023 peak of 2772.1311, 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 14,553,788 IRR

2023 Average 13,733,561 IRR

Yearly Trough Low 13,516,077 IRR

Transaction Impact: A difference of 1,037,710.45 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2744.0157

2720.6360

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 2728.7242, compared to 2736.8232 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.0990 points.

H1 Avg (Jan–Jun) 2728.7242

H2 Avg (Jul–Dec) 2736.8232

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 190.0266 IRR (High: 2910.7575 / Low: 2720.7309). On the other end, January was the most stable month, with a tight range of 6.1545 IRR (High: 2734.0909 / Low: 2727.9364).

May Spread (Volatile) ±190.0266

January Spread (Stable) ±6.1545

Growth Streaks & Declines

Trends

Between July and October, 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 October and November, when the average rate fell by 15.0905 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -15.0905

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 2729.3150) against the same month in 2023 (average: 2754.7542), the exchange rate shifted by -25.4392 (-0.92%).

2024 Avg (May) 2729.3150

2023 Avg (May) 2754.7542

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2734.0909	2727.9364	2730.2124
February	2738.2736	2724.7974	2730.7883
March	2730.0325	2703.2154	2723.9091
April	2732.8590	2719.1138	2722.5843
May	2910.7575	2720.7309	2729.3150
June	2767.7680	2731.1811	2735.5363
July	2752.4430	2722.3480	2734.8254
August	2742.9967	2728.8493	2737.3208
September	2750.6510	2740.3971	2742.0199
October	2750.6510	2740.0716	2742.0674
November	2741.2895	2721.5395	2726.9769
December	2743.5065	2722.3480	2737.7289