2024 MVR to SOS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MVR to SOS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MVR to SOS exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 39.5145. Conversely, the yearly low was recorded on March 19, dropping to 36.7547.
This high-to-low spread represents a total annual volatility of 2.7598 SOS. From a start-to-finish perspective, comparing the January average rate of 37.0908 to the December average rate of 37.0794, the exchange rate registered a net change of -0.03% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 39.5145 was up 5.42% compared to the 2023 peak of 37.4816, 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 2024.
MVR to SOS 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 37.0600, compared to 37.1259 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0658 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 2.7428 SOS (High: 39.5145 / Low: 36.7717). On the other end, April was the most stable month, with a tight range of 0.1700 SOS (High: 37.0576 / Low: 36.8876).
Growth Streaks & Declines
TrendsBetween 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 0.1963 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2024: 37.0309) against the same month in 2023 (average: 37.0529), the exchange rate shifted by -0.0220 (-0.06%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 37.2133 | 36.9636 | 37.0908 |
| February | 37.4503 | 37.0340 | 37.1375 |
| March | 37.1972 | 36.7547 | 37.0144 |
| April | 37.0576 | 36.8876 | 36.9711 |
| May | 39.5145 | 36.7717 | 37.0309 |
| June | 37.4384 | 36.9661 | 37.1155 |
| July | 37.2430 | 36.8619 | 37.1012 |
| August | 37.3066 | 36.8694 | 37.0967 |
| September | 37.4214 | 37.1154 | 37.2153 |
| October | 37.3825 | 37.1742 | 37.2295 |
| November | 37.3073 | 36.8997 | 37.0332 |
| December | 37.1641 | 36.9131 | 37.0794 |