2024 MVR to THB Historical Review

YEARLY HIGH

2.5458 THB

YEARLY LOW

2.1065 THB

YEARLY AVERAGE

2.2895 THB

2024 MVR to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 2.5458. Conversely, the yearly low was recorded on September 27, dropping to 2.1065.

This high-to-low spread represents a total annual volatility of 0.4393 THB. From a start-to-finish perspective, comparing the January average rate of 2.2838 to the December average rate of 2.2166, the exchange rate registered a net change of -2.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.5458 was up 5.50% compared to the 2023 peak of 2.4131, 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 12,729 THB

2023 Average 11,310 THB

Yearly Trough Low 10,532 THB

Transaction Impact: A difference of 2,196.41 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.4061

2.1446

JanuMarcMayJulySeptNove

MVR to THB 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 2.3462, compared to 2.2328 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1135 points.

H1 Avg (Jan–Jun) 2.3462

H2 Avg (Jul–Dec) 2.2328

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.2126 THB (High: 2.5458 / Low: 2.3331). On the other end, June was the most stable month, with a tight range of 0.0425 THB (High: 2.4068 / Low: 2.3643).

May Spread (Volatile) ±0.2126

June Spread (Stable) ±0.0425

Growth Streaks & Declines

Trends

Between January and April, 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 0.0964 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0964

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 2.3736) against the same month in 2023 (average: 2.2273), the exchange rate shifted by +0.1463 (+6.57%).

2024 Avg (May) 2.3736

2023 Avg (May) 2.2273

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3224	2.2267	2.2838
February	2.3511	2.2938	2.3284
March	2.3583	2.2930	2.3286
April	2.4062	2.3512	2.3787
May	2.5458	2.3331	2.3736
June	2.4068	2.3643	2.3843
July	2.3905	2.3112	2.3532
August	2.3186	2.2066	2.2569
September	2.2333	2.1065	2.1664
October	2.2033	2.1191	2.1740
November	2.2634	2.1765	2.2294
December	2.2472	2.1896	2.2166