2024 CVE to MMK Historical Review

YEARLY HIGH

32.0760 MMK

YEARLY LOW

19.7480 MMK

YEARLY AVERAGE

20.7975 MMK

2024 CVE to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 32.0760. Conversely, the yearly low was recorded on December 20, dropping to 19.7480.

This high-to-low spread represents a total annual volatility of 12.3280 MMK. From a start-to-finish perspective, comparing the January average rate of 20.7601 to the December average rate of 19.9362, the exchange rate registered a net change of -3.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 32.0760 was up 49.60% compared to the 2023 peak of 21.4409, 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 160,380 MMK

2023 Average 102,832 MMK

Yearly Trough Low 98,740 MMK

Transaction Impact: A difference of 61,640.18 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

22.6316

19.6912

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 20.7146, compared to 20.8804 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1658 points.

H1 Avg (Jan–Jun) 20.7146

H2 Avg (Jul–Dec) 20.8804

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 11.5075 MMK (High: 32.0760 / Low: 20.5685). On the other end, September was the most stable month, with a tight range of 0.3007 MMK (High: 21.2654 / Low: 20.9647).

July Spread (Volatile) ±11.5075

September Spread (Stable) ±0.3007

Growth Streaks & Declines

Trends

Between April and July, 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 1.4724 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.4724

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 22.3866) against the same month in 2023 (average: 21.0135), the exchange rate shifted by +1.3731 (+6.53%).

2024 Avg (July) 22.3866

2023 Avg (July) 21.0135

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.0956	20.6084	20.7601
February	20.7282	20.3809	20.5367
March	20.8518	20.4970	20.6677
April	20.6775	20.2180	20.4350
May	20.7490	20.2086	20.5494
June	24.1284	20.2652	21.3387
July	32.0760	20.5685	22.3866
August	21.2971	20.4583	20.9142
September	21.2654	20.9647	21.1101
October	21.0883	20.4976	20.7126
November	20.7243	19.8073	20.2229
December	20.1387	19.7480	19.9362