2022 MVR to NPR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 MVR to NPR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the MVR to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 8.6318. Conversely, the yearly low was recorded on January 13, dropping to 7.6482.
This high-to-low spread represents a total annual volatility of 0.9836 NPR. From a start-to-finish perspective, comparing the January average rate of 7.7070 to the December average rate of 8.5825, the exchange rate registered a net change of 11.36% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 8.6318 was up 9.26% compared to the 2021 peak of 7.9002, 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 2022.
MVR to NPR 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 7.8929, compared to 8.4062 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5134 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was September, with a trading range of 0.3422 NPR (High: 8.4977 / Low: 8.1555). On the other end, February was the most stable month, with a tight range of 0.1047 NPR (High: 7.8282 / Low: 7.7235).
Growth Streaks & Declines
TrendsBetween April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0500 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 8.5825) against the same month in 2021 (average: 7.8065), the exchange rate shifted by +0.7760 (+9.94%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.7762 | 7.6482 | 7.7070 |
| February | 7.8282 | 7.7235 | 7.7605 |
| March | 7.9567 | 7.8318 | 7.8931 |
| April | 7.9617 | 7.7929 | 7.8930 |
| May | 8.0548 | 7.9030 | 8.0007 |
| June | 8.2278 | 7.9047 | 8.1029 |
| July | 8.3184 | 8.1378 | 8.2554 |
| August | 8.3611 | 8.1267 | 8.2880 |
| September | 8.4977 | 8.1555 | 8.3005 |
| October | 8.6118 | 8.4381 | 8.5306 |
| November | 8.5871 | 8.3249 | 8.4806 |
| December | 8.6318 | 8.4944 | 8.5825 |