2024 MVR to KPW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MVR to KPW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MVR to KPW exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 62.2622. Conversely, the yearly low was recorded on March 19, dropping to 57.8778.
This high-to-low spread represents a total annual volatility of 4.3844 KPW. From a start-to-finish perspective, comparing the January average rate of 58.4367 to the December average rate of 58.4098, the exchange rate registered a net change of -0.05% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 62.2622 was up 5.50% compared to the 2023 peak of 59.0164, 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 KPW 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 58.3787, compared to 58.4868 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1081 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 4.0474 KPW (High: 62.2622 / Low: 58.2147). On the other end, October was the most stable month, with a tight range of 0.0382 KPW (High: 58.6319 / Low: 58.5938).
Growth Streaks & Declines
TrendsBetween 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 0.3098 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2024: 58.3604) against the same month in 2023 (average: 58.6511), the exchange rate shifted by -0.2907 (-0.50%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 58.4605 | 58.4036 | 58.4367 |
| February | 58.6319 | 58.3468 | 58.4617 |
| March | 58.4416 | 57.8778 | 58.3122 |
| April | 58.2713 | 58.2147 | 58.2399 |
| May | 62.2622 | 58.2147 | 58.3604 |
| June | 58.9584 | 58.2524 | 58.4615 |
| July | 58.6319 | 58.2147 | 58.4585 |
| August | 58.6319 | 58.3468 | 58.5196 |
| September | 58.6319 | 58.5938 | 58.6109 |
| October | 58.6319 | 58.5938 | 58.6159 |
| November | 58.6128 | 58.2147 | 58.3061 |
| December | 58.4416 | 58.2147 | 58.4098 |