2024 MVR to SAR Historical Review

YEARLY HIGH

0.2595 SAR

YEARLY LOW

0.2412 SAR

YEARLY AVERAGE

0.2436 SAR

2024 MVR to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 0.2595. Conversely, the yearly low was recorded on March 19, dropping to 0.2412.

This high-to-low spread represents a total annual volatility of 0.0183 SAR. From a start-to-finish perspective, comparing the January average rate of 0.2435 to the December average rate of 0.2438, the exchange rate registered a net change of 0.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2595 was up 5.49% compared to the 2023 peak of 0.2460, 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 1,297 SAR

2023 Average 1,220 SAR

Yearly Trough Low 1,206 SAR

Transaction Impact: A difference of 91.43 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2448

0.2425

JanuMarcMayJulySeptNove

MVR to SAR 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 0.2439 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) 0.2439

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0169 SAR (High: 0.2595 / Low: 0.2426). On the other end, January was the most stable month, with a tight range of 0.0003 SAR (High: 0.2436 / Low: 0.2433).

May Spread (Volatile) ±0.0169

January Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between July and October, 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 October and November, when the average rate fell by 0.0013 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.2432) against the same month in 2023 (average: 0.2444), the exchange rate shifted by -0.0012 (-0.49%).

2024 Avg (May) 0.2432

2023 Avg (May) 0.2444

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2436	0.2433	0.2435
February	0.2443	0.2431	0.2436
March	0.2436	0.2412	0.2430
April	0.2429	0.2425	0.2427
May	0.2595	0.2426	0.2432
June	0.2458	0.2428	0.2437
July	0.2444	0.2426	0.2436
August	0.2446	0.2432	0.2440
September	0.2446	0.2441	0.2444
October	0.2447	0.2443	0.2446
November	0.2446	0.2428	0.2433
December	0.2441	0.2430	0.2438