2024 MVR to MYR Historical Review

YEARLY HIGH

0.3290 MYR

YEARLY LOW

0.2683 MYR

YEARLY AVERAGE

0.2970 MYR

2024 MVR to MYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to MYR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 0.3290. Conversely, the yearly low was recorded on September 29, dropping to 0.2683.

This high-to-low spread represents a total annual volatility of 0.0607 MYR. From a start-to-finish perspective, comparing the January average rate of 0.3040 to the December average rate of 0.2895, the exchange rate registered a net change of -4.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3290 was up 5.85% compared to the 2023 peak of 0.3108, 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 1,645 MYR

2023 Average 1,483 MYR

Yearly Trough Low 1,342 MYR

Transaction Impact: A difference of 303.45 MYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3128

0.2742

JanuMarcMayJulySeptNove

MVR to MYR 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 0.3066, compared to 0.2875 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0191 points.

H1 Avg (Jan–Jun) 0.3066

H2 Avg (Jul–Dec) 0.2875

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0260 MYR (High: 0.3290 / Low: 0.3030). On the other end, April was the most stable month, with a tight range of 0.0041 MYR (High: 0.3102 / Low: 0.3061).

May Spread (Volatile) ±0.0260

April Spread (Stable) ±0.0041

Growth Streaks & Declines

Trends

Between 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 0.0170 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0170

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.3059) against the same month in 2023 (average: 0.2944), the exchange rate shifted by +0.0115 (+3.89%).

2024 Avg (May) 0.3059

2023 Avg (May) 0.2944

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3072	0.2984	0.3040
February	0.3121	0.3063	0.3096
March	0.3081	0.3016	0.3057
April	0.3102	0.3061	0.3083
May	0.3290	0.3030	0.3059
June	0.3090	0.3046	0.3060
July	0.3064	0.2991	0.3041
August	0.2977	0.2809	0.2870
September	0.2845	0.2683	0.2774
October	0.2853	0.2711	0.2799
November	0.2901	0.2816	0.2872
December	0.2927	0.2868	0.2895