2024 MVR to SEK Historical Review

YEARLY HIGH

0.7514 SEK

YEARLY LOW

0.6542 SEK

YEARLY AVERAGE

0.6866 SEK

2024 MVR to SEK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to SEK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 0.7514. Conversely, the yearly low was recorded on January 1, dropping to 0.6542.

This high-to-low spread represents a total annual volatility of 0.0972 SEK. From a start-to-finish perspective, comparing the January average rate of 0.6718 to the December average rate of 0.7136, the exchange rate registered a net change of 6.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7514 was up 3.06% compared to the 2023 peak of 0.7291, 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 3,757 SEK

2023 Average 3,452 SEK

Yearly Trough Low 3,271 SEK

Transaction Impact: A difference of 485.80 SEK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7184

0.6609

JanuMarcMayJulySeptNove

MVR to SEK 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 0.6842, compared to 0.6889 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0047 points.

H1 Avg (Jan–Jun) 0.6842

H2 Avg (Jul–Dec) 0.6889

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0698 SEK (High: 0.7514 / Low: 0.6816). On the other end, December was the most stable month, with a tight range of 0.0188 SEK (High: 0.7234 / Low: 0.7047).

May Spread (Volatile) ±0.0698

December Spread (Stable) ±0.0188

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 0.0148 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0148

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.6970) against the same month in 2023 (average: 0.6831), the exchange rate shifted by +0.0139 (+2.04%).

2024 Avg (May) 0.6970

2023 Avg (May) 0.6831

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6807	0.6542	0.6718
February	0.6896	0.6676	0.6779
March	0.6922	0.6578	0.6755
April	0.7127	0.6830	0.7003
May	0.7514	0.6816	0.6970
June	0.6945	0.6740	0.6827
July	0.7061	0.6712	0.6907
August	0.6992	0.6603	0.6759
September	0.6765	0.6564	0.6657
October	0.6958	0.6683	0.6823
November	0.7165	0.6904	0.7053
December	0.7234	0.7047	0.7136