2024 MVR to NOK Historical Review

YEARLY HIGH

0.7597 NOK

YEARLY LOW

0.6614 NOK

YEARLY AVERAGE

0.6982 NOK

2024 MVR to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 0.7597. Conversely, the yearly low was recorded on January 1, dropping to 0.6614.

This high-to-low spread represents a total annual volatility of 0.0984 NOK. From a start-to-finish perspective, comparing the January average rate of 0.6753 to the December average rate of 0.7289, the exchange rate registered a net change of 7.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7597 was up 3.72% compared to the 2023 peak of 0.7325, 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 3,799 NOK

2023 Average 3,436 NOK

Yearly Trough Low 3,307 NOK

Transaction Impact: A difference of 491.87 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7343

0.6699

JanuMarcMayJulySeptNove

MVR to NOK 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 0.6901, compared to 0.7063 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0162 points.

H1 Avg (Jan–Jun) 0.6901

H2 Avg (Jul–Dec) 0.7063

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0816 NOK (High: 0.7597 / Low: 0.6781). On the other end, November was the most stable month, with a tight range of 0.0164 NOK (High: 0.7219 / Low: 0.7055).

May Spread (Volatile) ±0.0816

November Spread (Stable) ±0.0164

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.0093 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0093

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.6965) against the same month in 2023 (average: 0.7047), the exchange rate shifted by -0.0081 (-1.15%).

2024 Avg (May) 0.6965

2023 Avg (May) 0.7047

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6834	0.6614	0.6753
February	0.6955	0.6776	0.6853
March	0.7020	0.6736	0.6879
April	0.7192	0.6908	0.7059
May	0.7597	0.6781	0.6965
June	0.6997	0.6786	0.6896
July	0.7186	0.6835	0.7013
August	0.7165	0.6806	0.6957
September	0.7070	0.6767	0.6909
October	0.7164	0.6885	0.7051
November	0.7219	0.7055	0.7158
December	0.7429	0.7151	0.7289