2024 MVR to KZT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MVR to KZT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MVR to KZT exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 34.0932. Conversely, the yearly low was recorded on May 16, dropping to 28.4265.
This high-to-low spread represents a total annual volatility of 5.6667 KZT. From a start-to-finish perspective, comparing the January average rate of 29.3302 to the December average rate of 33.8140, the exchange rate registered a net change of 15.29% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 34.0932 was up 9.30% compared to the 2023 peak of 31.1915, 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 KZT 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 29.1500, compared to 31.8188 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.6688 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 2.2889 KZT (High: 30.7154 / Low: 28.4265). On the other end, September was the most stable month, with a tight range of 0.3935 KZT (High: 31.4892 / Low: 31.0957).
Growth Streaks & Declines
TrendsBetween May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.2384 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 33.8140) against the same month in 2023 (average: 29.8686), the exchange rate shifted by +3.9454 (+13.21%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 29.7547 | 28.8920 | 29.3302 |
| February | 29.6260 | 28.9794 | 29.2791 |
| March | 29.3715 | 28.7950 | 29.1076 |
| April | 29.0686 | 28.5715 | 28.8693 |
| May | 30.7154 | 28.4265 | 28.6773 |
| June | 30.9210 | 28.9135 | 29.6365 |
| July | 31.0915 | 30.5882 | 30.8698 |
| August | 31.4649 | 30.6210 | 31.1203 |
| September | 31.4892 | 31.0957 | 31.2828 |
| October | 32.3032 | 31.3008 | 31.6564 |
| November | 33.4014 | 31.6965 | 32.1695 |
| December | 34.0932 | 33.0254 | 33.8140 |