2024 UAH to MVR Historical Review

YEARLY HIGH

0.4117 MVR

YEARLY LOW

0.3656 MVR

YEARLY AVERAGE

0.3839 MVR

2024 UAH to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the UAH to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 0.4117. Conversely, the yearly low was recorded on May 2, dropping to 0.3656.

This high-to-low spread represents a total annual volatility of 0.0461 MVR. From a start-to-finish perspective, comparing the January average rate of 0.4070 to the December average rate of 0.3688, the exchange rate registered a net change of -9.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4117 was down 4.38% compared to the 2023 peak of 0.4305, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,058 MVR

2023 Average 2,089 MVR

Yearly Trough Low 1,828 MVR

Transaction Impact: A difference of 230.48 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4108

0.3650

JanuMarcMayJulySeptNove

UAH 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 0.3953, compared to 0.3725 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0228 points.

H1 Avg (Jan–Jun) 0.3953

H2 Avg (Jul–Dec) 0.3725

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0283 MVR (High: 0.3939 / Low: 0.3656). On the other end, October was the most stable month, with a tight range of 0.0021 MVR (High: 0.3728 / Low: 0.3707).

May Spread (Volatile) ±0.0283

October Spread (Stable) ±0.0021

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0080 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0080

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.4070) against the same month in 2023 (average: 0.4185), the exchange rate shifted by -0.0115 (-2.75%).

2024 Avg (January) 0.4070

2023 Avg (January) 0.4185

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4117	0.4031	0.4070
February	0.4110	0.3986	0.4052
March	0.4072	0.3928	0.3987
April	0.3983	0.3883	0.3925
May	0.3939	0.3656	0.3882
June	0.3841	0.3767	0.3802
July	0.3810	0.3687	0.3755
August	0.3757	0.3712	0.3735
September	0.3745	0.3697	0.3721
October	0.3728	0.3707	0.3720
November	0.3749	0.3709	0.3728
December	0.3724	0.3660	0.3688