2024 THB to MVR Historical Review

YEARLY HIGH

0.4747 MVR

YEARLY LOW

0.3928 MVR

YEARLY AVERAGE

0.4373 MVR

2024 THB to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the THB to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 0.4747. Conversely, the yearly low was recorded on May 2, dropping to 0.3928.

This high-to-low spread represents a total annual volatility of 0.0819 MVR. From a start-to-finish perspective, comparing the January average rate of 0.4379 to the December average rate of 0.4511, the exchange rate registered a net change of 3.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4747 was up 0.95% compared to the 2023 peak of 0.4702, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 THB based on timing:

Yearly Peak High 118,681 MVR

2023 Average 110,596 MVR

Yearly Trough Low 98,202 MVR

Transaction Impact: A difference of 20,478.95 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4660

0.4152

JanuMarcMayJulySeptNove

THB 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 0.4264, compared to 0.4483 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0219 points.

H1 Avg (Jan–Jun) 0.4264

H2 Avg (Jul–Dec) 0.4483

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0358 MVR (High: 0.4286 / Low: 0.3928). On the other end, June was the most stable month, with a tight range of 0.0075 MVR (High: 0.4230 / Low: 0.4155).

May Spread (Volatile) ±0.0358

June Spread (Stable) ±0.0075

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0114 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0114

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.4617) against the same month in 2023 (average: 0.4306), the exchange rate shifted by +0.0311 (+7.23%).

2024 Avg (September) 0.4617

2023 Avg (September) 0.4306

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4491	0.4306	0.4379
February	0.4360	0.4253	0.4295
March	0.4361	0.4240	0.4295
April	0.4253	0.4156	0.4204
May	0.4286	0.3928	0.4214
June	0.4230	0.4155	0.4194
July	0.4327	0.4183	0.4250
August	0.4532	0.4313	0.4432
September	0.4747	0.4478	0.4617
October	0.4719	0.4539	0.4600
November	0.4595	0.4418	0.4486
December	0.4567	0.4450	0.4511