2024 MXN to MVR Historical Review

YEARLY HIGH

0.9462 MVR

YEARLY LOW

0.7379 MVR

YEARLY AVERAGE

0.8456 MVR

2024 MXN to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MXN to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 0.9462. Conversely, the yearly low was recorded on December 31, dropping to 0.7379.

This high-to-low spread represents a total annual volatility of 0.2083 MVR. From a start-to-finish perspective, comparing the January average rate of 0.9030 to the December average rate of 0.7608, the exchange rate registered a net change of -15.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9462 was up 2.70% compared to the 2023 peak of 0.9214, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 47,312 MVR

2023 Average 43,403 MVR

Yearly Trough Low 36,897 MVR

Transaction Impact: A difference of 10,415.55 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9366

0.7435

JanuMarcMayJulySeptNove

MXN to MVR 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 0.9015, compared to 0.7898 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1117 points.

H1 Avg (Jan–Jun) 0.9015

H2 Avg (Jul–Dec) 0.7898

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0879 MVR (High: 0.9093 / Low: 0.8214). On the other end, February was the most stable month, with a tight range of 0.0125 MVR (High: 0.9047 / Low: 0.8922).

June Spread (Volatile) ±0.0879

February Spread (Stable) ±0.0125

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0713 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0713

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.9195) against the same month in 2023 (average: 0.8500), the exchange rate shifted by +0.0695 (+8.17%).

2024 Avg (April) 0.9195

2023 Avg (April) 0.8500

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9153	0.8897	0.9030
February	0.9047	0.8922	0.9008
March	0.9332	0.9050	0.9205
April	0.9462	0.8986	0.9195
May	0.9332	0.8512	0.9182
June	0.9093	0.8214	0.8469
July	0.8774	0.8177	0.8507
August	0.8272	0.7734	0.8032
September	0.8032	0.7639	0.7837
October	0.7963	0.7612	0.7805
November	0.7780	0.7475	0.7596
December	0.7674	0.7379	0.7608