2023 CVE to MMK Historical Review

YEARLY HIGH

21.4409 MMK

YEARLY LOW

19.8919 MMK

YEARLY AVERAGE

20.5649 MMK

2023 CVE to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 21.4409. Conversely, the yearly low was recorded on October 6, dropping to 19.8919.

This high-to-low spread represents a total annual volatility of 1.5490 MMK. From a start-to-finish perspective, comparing the January average rate of 20.4930 to the December average rate of 20.7809, the exchange rate registered a net change of 1.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 21.4409 was up 5.72% compared to the 2022 peak of 20.2816, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 107,205 MMK

2022 Average 91,711 MMK

Yearly Trough Low 99,459 MMK

Transaction Impact: A difference of 7,745.10 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

21.1063

19.9926

JanuMarcMayJulySeptNove

CVE to MMK 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 20.5468, compared to 20.5830 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0362 points.

H1 Avg (Jan–Jun) 20.5468

H2 Avg (Jul–Dec) 20.5830

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.8836 MMK (High: 20.8805 / Low: 19.9969). On the other end, October was the most stable month, with a tight range of 0.3570 MMK (High: 20.2489 / Low: 19.8919).

November Spread (Volatile) ±0.8836

October Spread (Stable) ±0.3570

Growth Streaks & Declines

Trends

Between October and December, 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 August and September, when the average rate fell by 0.4387 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4387

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 21.0135) against the same month in 2022 (average: 17.2144), the exchange rate shifted by +3.7991 (+22.07%).

2023 Avg (July) 21.0135

2022 Avg (July) 17.2144

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.7288	20.0389	20.4930
February	20.8153	20.1111	20.3789
March	20.7159	20.0684	20.3465
April	21.0621	20.6363	20.8336
May	20.9690	20.3266	20.6495
June	20.8443	20.0477	20.5793
July	21.4409	20.6560	21.0135
August	21.0057	20.5741	20.7697
September	20.6575	20.0493	20.3310
October	20.2489	19.8919	20.0854
November	20.8805	19.9969	20.5174
December	21.1373	20.3071	20.7809