2024 MVR to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MVR to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MVR to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 95.9957. Conversely, the yearly low was recorded on January 1, dropping to 83.1584.
This high-to-low spread represents a total annual volatility of 12.8373 KRW. From a start-to-finish perspective, comparing the January average rate of 86.0128 to the December average rate of 93.5065, the exchange rate registered a net change of 8.71% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 95.9957 was up 8.70% compared to the 2023 peak of 88.3159, 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 KRW 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 87.6222, compared to 89.4637 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.8415 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 7.3917 KRW (High: 94.5984 / Low: 87.2067). On the other end, February was the most stable month, with a tight range of 1.3814 KRW (High: 87.3788 / Low: 85.9975).
Growth Streaks & Declines
TrendsBetween September and December, 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 2.0028 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 93.5065) against the same month in 2023 (average: 84.6578), the exchange rate shifted by +8.8487 (+10.45%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 87.2950 | 83.1584 | 86.0128 |
| February | 87.3788 | 85.9975 | 86.5560 |
| March | 87.3559 | 84.5498 | 86.3342 |
| April | 90.0828 | 87.0265 | 88.6510 |
| May | 94.5984 | 87.2067 | 88.4400 |
| June | 90.5138 | 88.6687 | 89.7395 |
| July | 90.5413 | 88.7623 | 89.7902 |
| August | 89.6080 | 86.2564 | 87.7874 |
| September | 87.5791 | 85.3057 | 86.6202 |
| October | 90.4454 | 86.2705 | 88.7040 |
| November | 91.0941 | 89.2211 | 90.3741 |
| December | 95.9957 | 90.2706 | 93.5065 |