2024 NAD to MVR Historical Review

YEARLY HIGH

0.8942 MVR

YEARLY LOW

0.7786 MVR

YEARLY AVERAGE

0.8410 MVR

2024 NAD to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NAD to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 0.8942. Conversely, the yearly low was recorded on May 2, dropping to 0.7786.

This high-to-low spread represents a total annual volatility of 0.1156 MVR. From a start-to-finish perspective, comparing the January average rate of 0.8199 to the December average rate of 0.8457, the exchange rate registered a net change of 3.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8942 was down 2.42% compared to the 2023 peak of 0.9164, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,471 MVR

2023 Average 4,159 MVR

Yearly Trough Low 3,893 MVR

Transaction Impact: A difference of 578.16 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8799

0.8052

JanuMarcMayJulySeptNove

NAD 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 0.8238, compared to 0.8582 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0344 points.

H1 Avg (Jan–Jun) 0.8238

H2 Avg (Jul–Dec) 0.8582

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0760 MVR (High: 0.8546 / Low: 0.7786). On the other end, October was the most stable month, with a tight range of 0.0225 MVR (High: 0.8883 / Low: 0.8658).

May Spread (Volatile) ±0.0760

October Spread (Stable) ±0.0225

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0154 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0154

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.8718) against the same month in 2023 (average: 0.8126), the exchange rate shifted by +0.0592 (+7.29%).

2024 Avg (September) 0.8718

2023 Avg (September) 0.8126

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8315	0.8032	0.8199
February	0.8280	0.7970	0.8114
March	0.8365	0.8060	0.8187
April	0.8350	0.8047	0.8182
May	0.8546	0.7786	0.8390
June	0.8611	0.8089	0.8356
July	0.8608	0.8315	0.8443
August	0.8708	0.8265	0.8530
September	0.8942	0.8540	0.8718
October	0.8883	0.8658	0.8736
November	0.8841	0.8466	0.8610
December	0.8721	0.8164	0.8457