2024 MVR to PEN Historical Review

YEARLY HIGH

0.2599 PEN

YEARLY LOW

0.2365 PEN

YEARLY AVERAGE

0.2437 PEN

2024 MVR to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 0.2599. Conversely, the yearly low was recorded on March 13, dropping to 0.2365.

This high-to-low spread represents a total annual volatility of 0.0234 PEN. From a start-to-finish perspective, comparing the January average rate of 0.2423 to the December average rate of 0.2422, the exchange rate registered a net change of -0.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2599 was up 2.24% compared to the 2023 peak of 0.2542, 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 1,299 PEN

2023 Average 1,217 PEN

Yearly Trough Low 1,182 PEN

Transaction Impact: A difference of 116.99 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2495

0.2396

JanuMarcMayJulySeptNove

MVR to PEN 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 0.2433, compared to 0.2440 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.2433

H2 Avg (Jul–Dec) 0.2440

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0212 PEN (High: 0.2599 / Low: 0.2387). On the other end, August was the most stable month, with a tight range of 0.0031 PEN (High: 0.2445 / Low: 0.2415).

May Spread (Volatile) ±0.0212

August Spread (Stable) ±0.0031

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0080 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0080

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.2420) against the same month in 2023 (average: 0.2401), the exchange rate shifted by +0.0019 (+0.79%).

2024 Avg (May) 0.2420

2023 Avg (May) 0.2401

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2476	0.2396	0.2423
February	0.2527	0.2455	0.2487
March	0.2458	0.2365	0.2407
April	0.2436	0.2376	0.2404
May	0.2599	0.2387	0.2420
June	0.2512	0.2421	0.2457
July	0.2497	0.2411	0.2445
August	0.2445	0.2415	0.2429
September	0.2487	0.2420	0.2455
October	0.2458	0.2413	0.2443
November	0.2465	0.2418	0.2449
December	0.2440	0.2408	0.2422