YEARLY HIGH
1.8886 MVR
YEARLY LOW
1.6789 MVR
YEARLY AVERAGE
1.7995 MVR

2021 SEK to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the SEK to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 1.8886. Conversely, the yearly low was recorded on December 18, dropping to 1.6789.

This high-to-low spread represents a total annual volatility of 0.2097 MVR. From a start-to-finish perspective, comparing the January average rate of 1.8560 to the December average rate of 1.6976, the exchange rate registered a net change of -8.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.8886 was up 0.55% compared to the 2020 peak of 1.8783, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,443 MVR
2020 Average 8,406 MVR
Yearly Trough Low 8,395 MVR
Transaction Impact: A difference of 1,048.48 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.8719
1.6818
JanuMarcMayJulySeptNove

SEK 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 1.8356, compared to 1.7635 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0721 points.

H1 Avg (Jan–Jun) 1.8356
H2 Avg (Jul–Dec) 1.7635

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.1265 MVR (High: 1.8135 / Low: 1.6870). On the other end, December was the most stable month, with a tight range of 0.0326 MVR (High: 1.7115 / Low: 1.6789).

November Spread (Volatile) ±0.1265
December Spread (Stable) ±0.0326

Growth Streaks & Declines

Trends

Between March and May, 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 June and July, when the average rate fell by 0.0507 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0507

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 1.8560) against the same month in 2020 (average: 1.6264), the exchange rate shifted by +0.2296 (+14.12%).

2021 Avg (January) 1.8560
2020 Avg (January) 1.6264

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.8886 1.8310 1.8560
February 1.8626 1.8209 1.8473
March 1.8364 1.7692 1.8079
April 1.8540 1.7723 1.8178
May 1.8650 1.8097 1.8469
June 1.8751 1.7943 1.8374
July 1.8061 1.7694 1.7867
August 1.7959 1.7536 1.7803
September 1.8080 1.7555 1.7864
October 1.8152 1.7523 1.7830
November 1.8135 1.6870 1.7470
December 1.7115 1.6789 1.6976