2024 NPR to MVR Historical Review

YEARLY HIGH

0.1174 MVR

YEARLY LOW

0.1083 MVR

YEARLY AVERAGE

0.1151 MVR

2024 NPR to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NPR to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 0.1174. Conversely, the yearly low was recorded on May 2, dropping to 0.1083.

This high-to-low spread represents a total annual volatility of 0.0092 MVR. From a start-to-finish perspective, comparing the January average rate of 0.1158 to the December average rate of 0.1134, the exchange rate registered a net change of -2.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1174 was down 1.25% compared to the 2023 peak of 0.1189, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 587 MVR

2023 Average 582 MVR

Yearly Trough Low 541 MVR

Transaction Impact: A difference of 45.80 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1165

0.1131

JanuMarcMayJulySeptNove

NPR 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 0.1158, compared to 0.1144 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.1158

H2 Avg (Jul–Dec) 0.1144

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0083 MVR (High: 0.1166 / Low: 0.1083). On the other end, April was the most stable month, with a tight range of 0.0007 MVR (High: 0.1162 / Low: 0.1155).

May Spread (Volatile) ±0.0083

April Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between January and March, 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 November and December, when the average rate fell by 0.0010 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.1162) against the same month in 2023 (average: 0.1169), the exchange rate shifted by -0.0006 (-0.55%).

2024 Avg (March) 0.1162

2023 Avg (March) 0.1169

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1163	0.1145	0.1158
February	0.1163	0.1151	0.1159
March	0.1174	0.1157	0.1162
April	0.1162	0.1155	0.1159
May	0.1166	0.1083	0.1156
June	0.1158	0.1145	0.1153
July	0.1159	0.1145	0.1151
August	0.1157	0.1141	0.1147
September	0.1150	0.1141	0.1145
October	0.1146	0.1139	0.1141
November	0.1150	0.1138	0.1144
December	0.1145	0.1124	0.1134