2024 MVR to VND Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MVR to VND Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MVR to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 1757.4049. Conversely, the yearly low was recorded on January 1, dropping to 1575.9028.
This high-to-low spread represents a total annual volatility of 181.5021 VND. From a start-to-finish perspective, comparing the January average rate of 1589.5438 to the December average rate of 1649.8228, the exchange rate registered a net change of 3.79% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 1757.4049 was up 9.91% compared to the 2023 peak of 1598.9061, 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 VND 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 1619.1251, compared to 1634.2590 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 15.1339 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 117.9909 VND (High: 1757.4049 / Low: 1639.4140). On the other end, July was the most stable month, with a tight range of 9.5948 VND (High: 1652.9870 / Low: 1643.3922).
Growth Streaks & Declines
TrendsBetween January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 23.1213 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2024: 1649.8071) against the same month in 2023 (average: 1529.2024), the exchange rate shifted by +120.6047 (+7.89%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1598.2050 | 1575.9028 | 1589.5438 |
| February | 1601.9508 | 1581.2758 | 1591.2388 |
| March | 1605.8782 | 1587.9360 | 1601.8600 |
| April | 1646.9446 | 1605.1780 | 1629.5065 |
| May | 1757.4049 | 1639.4140 | 1649.8071 |
| June | 1667.5408 | 1647.1543 | 1652.7946 |
| July | 1652.9870 | 1643.3922 | 1648.1401 |
| August | 1643.2486 | 1616.9056 | 1627.9877 |
| September | 1620.3608 | 1597.8449 | 1604.8664 |
| October | 1655.3574 | 1602.1703 | 1631.4283 |
| November | 1648.3079 | 1635.9142 | 1643.3089 |
| December | 1654.9497 | 1639.4134 | 1649.8228 |