2024 ZAR to MVR Historical Review

YEARLY HIGH

0.8982 MVR

YEARLY LOW

0.7793 MVR

YEARLY AVERAGE

0.8408 MVR

2024 ZAR to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 0.8982. Conversely, the yearly low was recorded on May 2, dropping to 0.7793.

This high-to-low spread represents a total annual volatility of 0.1189 MVR. From a start-to-finish perspective, comparing the January average rate of 0.8214 to the December average rate of 0.8450, the exchange rate registered a net change of 2.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8982 was down 2.40% compared to the 2023 peak of 0.9203, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 44,908 MVR

2023 Average 41,697 MVR

Yearly Trough Low 38,964 MVR

Transaction Impact: A difference of 5,944.79 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8803

0.8030

JanuMarcMayJulySeptNove

ZAR 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 0.8237, compared to 0.8579 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0342 points.

H1 Avg (Jan–Jun) 0.8237

H2 Avg (Jul–Dec) 0.8579

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0766 MVR (High: 0.8559 / Low: 0.7793). On the other end, October was the most stable month, with a tight range of 0.0223 MVR (High: 0.8851 / Low: 0.8628).

May Spread (Volatile) ±0.0766

October Spread (Stable) ±0.0223

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0147 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0147

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.8730) against the same month in 2023 (average: 0.8129), the exchange rate shifted by +0.0601 (+7.39%).

2024 Avg (September) 0.8730

2023 Avg (September) 0.8129

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8416	0.8017	0.8214
February	0.8288	0.7975	0.8094
March	0.8370	0.8068	0.8185
April	0.8373	0.8007	0.8184
May	0.8559	0.7793	0.8379
June	0.8587	0.8119	0.8366
July	0.8611	0.8277	0.8446
August	0.8697	0.8227	0.8515
September	0.8982	0.8546	0.8730
October	0.8851	0.8628	0.8738
November	0.8905	0.8450	0.8596
December	0.8699	0.8148	0.8450