2024 MYR to MVR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MYR to MVR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MYR to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 3.7268. Conversely, the yearly low was recorded on May 2, dropping to 3.0394.
This high-to-low spread represents a total annual volatility of 0.6874 MVR. From a start-to-finish perspective, comparing the January average rate of 3.2895 to the December average rate of 3.4540, the exchange rate registered a net change of 5.00% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 3.7268 was up 2.97% compared to the 2023 peak of 3.6192, indicating shifts in long-term support levels.
Comparing the value generated converting 20,000 MYR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MYR to MVR 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 3.2620, compared to 3.4817 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2197 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 0.2612 MVR (High: 3.3006 / Low: 3.0394). On the other end, April was the most stable month, with a tight range of 0.0433 MVR (High: 3.2667 / Low: 3.2235).
Growth Streaks & Declines
TrendsBetween June and September, 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 0.0909 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 3.6065) against the same month in 2023 (average: 3.2938), the exchange rate shifted by +0.3127 (+9.50%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.3515 | 3.2548 | 3.2895 |
| February | 3.2644 | 3.2039 | 3.2298 |
| March | 3.3152 | 3.2452 | 3.2714 |
| April | 3.2667 | 3.2235 | 3.2431 |
| May | 3.3006 | 3.0394 | 3.2700 |
| June | 3.2829 | 3.2358 | 3.2682 |
| July | 3.3431 | 3.2642 | 3.2887 |
| August | 3.5602 | 3.3596 | 3.4845 |
| September | 3.7268 | 3.5146 | 3.6065 |
| October | 3.6883 | 3.5055 | 3.5736 |
| November | 3.5507 | 3.4471 | 3.4827 |
| December | 3.4868 | 3.4161 | 3.4540 |