2024 MVR to PKR Historical Review

YEARLY HIGH

19.2671 PKR

YEARLY LOW

17.9209 PKR

YEARLY AVERAGE

18.0772 PKR

2024 MVR to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 19.2671. Conversely, the yearly low was recorded on March 19, dropping to 17.9209.

This high-to-low spread represents a total annual volatility of 1.3462 PKR. From a start-to-finish perspective, comparing the January average rate of 18.1752 to the December average rate of 18.0482, the exchange rate registered a net change of -0.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 19.2671 was down 3.70% compared to the 2023 peak of 20.0064, 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 96,336 PKR

2023 Average 90,916 PKR

Yearly Trough Low 89,605 PKR

Transaction Impact: A difference of 6,730.99 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

18.1933

17.9754

JanuMarcMayJulySeptNove

MVR to PKR 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 18.0792, compared to 18.0752 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0039 points.

H1 Avg (Jan–Jun) 18.0792

H2 Avg (Jul–Dec) 18.0752

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 1.3441 PKR (High: 19.2671 / Low: 17.9230). On the other end, October was the most stable month, with a tight range of 0.0845 PKR (High: 18.1525 / Low: 18.0680).

May Spread (Volatile) ±1.3441

October Spread (Stable) ±0.0845

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 October and November, when the average rate fell by 0.0921 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0921

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 18.0425) against the same month in 2023 (average: 18.6185), the exchange rate shifted by -0.5760 (-3.09%).

2024 Avg (May) 18.0425

2023 Avg (May) 18.6185

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.3144	17.9774	18.1752
February	18.2070	17.9541	18.1235
March	18.1494	17.9209	18.0528
April	18.0521	17.9522	17.9936
May	19.2671	17.9230	18.0425
June	18.2463	18.0001	18.0875
July	18.1661	17.9558	18.0771
August	18.1794	18.0047	18.1023
September	18.1678	18.0609	18.1216
October	18.1525	18.0680	18.0971
November	18.0878	17.9496	18.0050
December	18.1146	17.9587	18.0482