2021 MVR to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 MVR to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the MVR to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 10.1362. Conversely, the yearly low was recorded on January 6, dropping to 9.2118.
This high-to-low spread represents a total annual volatility of 0.9243 JMD. From a start-to-finish perspective, comparing the January average rate of 9.3595 to the December average rate of 9.9993, the exchange rate registered a net change of 6.84% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 10.1362 was up 3.70% compared to the 2020 peak of 9.7746, 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 JMD 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 9.6283, compared to 9.8921 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2638 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was April, with a trading range of 0.5405 JMD (High: 9.9732 / Low: 9.4328). On the other end, November was the most stable month, with a tight range of 0.1319 JMD (High: 10.1362 / Low: 10.0043).
Growth Streaks & Declines
TrendsBetween March and May, 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 August and September, when the average rate fell by 0.2812 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2021: 10.0665) against the same month in 2020 (average: 9.5400), the exchange rate shifted by +0.5265 (+5.52%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.5065 | 9.2118 | 9.3595 |
| February | 9.8353 | 9.5267 | 9.7227 |
| March | 9.8112 | 9.4000 | 9.5494 |
| April | 9.9732 | 9.4328 | 9.6778 |
| May | 10.0001 | 9.6326 | 9.7760 |
| June | 9.7773 | 9.5940 | 9.6846 |
| July | 10.0760 | 9.6558 | 9.9169 |
| August | 10.0530 | 9.7944 | 9.9592 |
| September | 9.8055 | 9.5380 | 9.6780 |
| October | 9.9958 | 9.4701 | 9.7325 |
| November | 10.1362 | 10.0043 | 10.0665 |
| December | 10.0729 | 9.9357 | 9.9993 |