2024 MVR to TZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MVR to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MVR to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 179.2359. Conversely, the yearly low was recorded on December 16, dropping to 152.7081.
This high-to-low spread represents a total annual volatility of 26.5278 TZS. From a start-to-finish perspective, comparing the January average rate of 163.6531 to the December average rate of 160.0852, the exchange rate registered a net change of -2.18% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 179.2359 was up 9.15% compared to the 2023 peak of 164.2126, 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 TZS 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 166.6438, compared to 172.8694 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.2255 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 18.1309 TZS (High: 170.8390 / Low: 152.7081). On the other end, October was the most stable month, with a tight range of 1.2063 TZS (High: 177.7535 / Low: 176.5472).
Growth Streaks & Declines
TrendsBetween January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 12.6858 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2024: 168.2664) against the same month in 2023 (average: 153.7487), the exchange rate shifted by +14.5177 (+9.44%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 165.5803 | 162.9808 | 163.6531 |
| February | 165.7980 | 163.6645 | 165.0394 |
| March | 166.8823 | 164.1158 | 165.4299 |
| April | 167.9408 | 166.4697 | 167.1577 |
| May | 179.2359 | 166.9748 | 168.2664 |
| June | 175.2679 | 168.4907 | 170.3164 |
| July | 176.1151 | 171.7552 | 173.5649 |
| August | 177.1222 | 174.5232 | 175.8787 |
| September | 178.2970 | 176.3177 | 177.4963 |
| October | 177.7535 | 176.5472 | 177.4202 |
| November | 176.9481 | 170.4410 | 172.7710 |
| December | 170.8390 | 152.7081 | 160.0852 |