2024 SRD to MVR Historical Review

YEARLY HIGH

0.5375 MVR

YEARLY LOW

0.4170 MVR

YEARLY AVERAGE

0.4678 MVR

2024 SRD to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SRD to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 13, valuing the pair at 0.5375. Conversely, the yearly low was recorded on January 11, dropping to 0.4170.

This high-to-low spread represents a total annual volatility of 0.1205 MVR. From a start-to-finish perspective, comparing the January average rate of 0.4198 to the December average rate of 0.4375, the exchange rate registered a net change of 4.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5375 was up 10.08% compared to the 2023 peak of 0.4883, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,688 MVR

2023 Average 2,107 MVR

Yearly Trough Low 2,085 MVR

Transaction Impact: A difference of 602.64 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5455

0.4084

JanuMarcMayJulySeptNove

SRD 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 0.4491, compared to 0.4865 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0374 points.

H1 Avg (Jan–Jun) 0.4491

H2 Avg (Jul–Dec) 0.4865

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0537 MVR (High: 0.5004 / Low: 0.4466). On the other end, December was the most stable month, with a tight range of 0.0037 MVR (High: 0.4393 / Low: 0.4356).

October Spread (Volatile) ±0.0537

December Spread (Stable) ±0.0037

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0445 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0445

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.5341) against the same month in 2023 (average: 0.4017), the exchange rate shifted by +0.1324 (+32.97%).

2024 Avg (August) 0.5341

2023 Avg (August) 0.4017

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4229	0.4170	0.4198
February	0.4369	0.4193	0.4259
March	0.4436	0.4340	0.4381
April	0.4572	0.4403	0.4465
May	0.4811	0.4283	0.4730
June	0.5031	0.4777	0.4911
July	0.5320	0.4994	0.5187
August	0.5375	0.5315	0.5341
September	0.5315	0.5002	0.5172
October	0.5004	0.4466	0.4727
November	0.4468	0.4347	0.4387
December	0.4393	0.4356	0.4375