2018 CVE to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 CVE to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the CVE to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 1, valuing the pair at 37.8970. Conversely, the yearly low was recorded on August 20, dropping to 34.0993.
This high-to-low spread represents a total annual volatility of 3.7977 MGA. From a start-to-finish perspective, comparing the January average rate of 35.7152 to the December average rate of 36.5490, the exchange rate registered a net change of 2.33% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 37.8970 was up 7.14% compared to the 2017 peak of 35.3705, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CVE based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2018.
CVE to MGA Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 35.3688, compared to 35.9516 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5827 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was December, with a trading range of 1.9966 MGA (High: 37.8970 / Low: 35.9004). On the other end, May was the most stable month, with a tight range of 0.8811 MGA (High: 35.3336 / Low: 34.4525).
Growth Streaks & Declines
TrendsBetween August and November, 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 July and August, when the average rate fell by 0.8128 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2018: 36.5490) against the same month in 2017 (average: 34.5284), the exchange rate shifted by +2.0206 (+5.85%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 36.2554 | 35.0282 | 35.7152 |
| February | 36.3437 | 34.4353 | 35.3546 |
| March | 36.0473 | 34.2053 | 35.1096 |
| April | 36.2821 | 35.0592 | 35.6563 |
| May | 35.3336 | 34.4525 | 34.8896 |
| June | 36.4482 | 34.6759 | 35.4877 |
| July | 35.8427 | 34.5921 | 35.3510 |
| August | 35.2901 | 34.0993 | 34.5382 |
| September | 36.3300 | 35.1248 | 35.8828 |
| October | 37.1383 | 35.9463 | 36.3629 |
| November | 37.7424 | 36.2514 | 37.0255 |
| December | 37.8970 | 35.9004 | 36.5490 |