2024 MVR to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MVR to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MVR to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 844.2857. Conversely, the yearly low was recorded on March 19, dropping to 161.5775.
This high-to-low spread represents a total annual volatility of 682.7082 SYP. From a start-to-finish perspective, comparing the January average rate of 163.1376 to the December average rate of 404.7556, the exchange rate registered a net change of 148.11% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 844.2857 was up 412.45% compared to the 2023 peak of 164.7561, 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 SYP 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 162.9759, compared to 203.5598 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 40.5839 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 681.7676 SYP (High: 844.2857 / Low: 162.5181). On the other end, October was the most stable month, with a tight range of 0.1066 SYP (High: 163.6827 / Low: 163.5762).
Growth Streaks & Declines
TrendsBetween 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 0.8649 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 404.7556) against the same month in 2023 (average: 163.4392), the exchange rate shifted by +241.3164 (+147.65%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 163.2043 | 163.0454 | 163.1376 |
| February | 163.6827 | 162.8869 | 163.2075 |
| March | 163.1513 | 161.5775 | 162.7903 |
| April | 162.6759 | 162.5181 | 162.5882 |
| May | 173.8174 | 162.5181 | 162.9248 |
| June | 164.5942 | 162.6233 | 163.2070 |
| July | 163.6827 | 162.5181 | 163.1987 |
| August | 163.6827 | 162.8869 | 163.3691 |
| September | 163.6827 | 163.5762 | 163.6241 |
| October | 163.6827 | 163.5762 | 163.6380 |
| November | 163.6294 | 162.5181 | 162.7732 |
| December | 844.2857 | 162.5181 | 404.7556 |