YEARLY HIGH
7.7750 MVR
YEARLY LOW
7.2275 MVR
YEARLY AVERAGE
7.7013 MVR

2024 BBD to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BBD to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 7.7750. Conversely, the yearly low was recorded on May 2, dropping to 7.2275.

This high-to-low spread represents a total annual volatility of 0.5475 MVR. From a start-to-finish perspective, comparing the January average rate of 7.7006 to the December average rate of 7.7042, the exchange rate registered a net change of 0.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 7.7750 was up 0.48% compared to the 2023 peak of 7.7375, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 38,875 MVR
2023 Average 38,427 MVR
Yearly Trough Low 36,138 MVR
Transaction Impact: A difference of 2,737.50 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

7.7316
7.6721
JanuMarcMayJulySeptNove

BBD 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 7.7085, compared to 7.6941 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0144 points.

H1 Avg (Jan–Jun) 7.7085
H2 Avg (Jul–Dec) 7.6941

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.5025 MVR (High: 7.7300 / Low: 7.2275). On the other end, October was the most stable month, with a tight range of 0.0050 MVR (High: 7.6800 / Low: 7.6750).

May Spread (Volatile) ±0.5025
October Spread (Stable) ±0.0050

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 April and May, when the average rate fell by 0.0149 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0149

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 7.7171) against the same month in 2023 (average: 7.6874), the exchange rate shifted by +0.0298 (+0.39%).

2024 Avg (March) 7.7171
2023 Avg (March) 7.6874

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 7.7050 7.6975 7.7006
February 7.7125 7.6750 7.6974
March 7.7750 7.7000 7.7171
April 7.7300 7.7225 7.7267
May 7.7300 7.2275 7.7118
June 7.7250 7.6325 7.6974
July 7.7300 7.6750 7.6978
August 7.7125 7.6750 7.6898
September 7.6800 7.6750 7.6778
October 7.6800 7.6750 7.6771
November 7.7300 7.6775 7.7179
December 7.7300 7.7000 7.7042