2024 MZN to MVR Historical Review

YEARLY HIGH

0.2505 MVR

YEARLY LOW

0.2262 MVR

YEARLY AVERAGE

0.2411 MVR

2024 MZN to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MZN to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 0.2505. Conversely, the yearly low was recorded on May 2, dropping to 0.2262.

This high-to-low spread represents a total annual volatility of 0.0243 MVR. From a start-to-finish perspective, comparing the January average rate of 0.2414 to the December average rate of 0.2413, the exchange rate registered a net change of -0.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2505 was up 3.17% compared to the 2023 peak of 0.2428, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MZN based on timing:

Yearly Peak High 1,252 MVR

2023 Average 1,203 MVR

Yearly Trough Low 1,131 MVR

Transaction Impact: A difference of 121.31 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2417

0.2402

JanuMarcMayJulySeptNove

MZN 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 0.2413, compared to 0.2409 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.2413

H2 Avg (Jul–Dec) 0.2409

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0159 MVR (High: 0.2421 / Low: 0.2262). On the other end, October was the most stable month, with a tight range of 0.0004 MVR (High: 0.2406 / Low: 0.2402).

May Spread (Volatile) ±0.0159

October Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0004 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.2414) against the same month in 2023 (average: 0.2408), the exchange rate shifted by +0.0006 (+0.26%).

2024 Avg (January) 0.2414

2023 Avg (January) 0.2408

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2505	0.2410	0.2414
February	0.2414	0.2402	0.2410
March	0.2433	0.2410	0.2415
April	0.2422	0.2410	0.2416
May	0.2421	0.2262	0.2414
June	0.2418	0.2389	0.2410
July	0.2420	0.2402	0.2410
August	0.2414	0.2402	0.2407
September	0.2406	0.2402	0.2404
October	0.2406	0.2402	0.2403
November	0.2419	0.2403	0.2415
December	0.2419	0.2410	0.2413