2018 CVE to MRO Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 CVE to MRO Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the CVE to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 4.0090. Conversely, the yearly low was recorded on October 7, dropping to 2.1633.
This high-to-low spread represents a total annual volatility of 1.8457 MRO. From a start-to-finish perspective, comparing the January average rate of 3.9091 to the December average rate of 3.6742, the exchange rate registered a net change of -6.01% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 4.0090 was up 0.72% compared to the 2017 peak of 3.9803, 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 MRO 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 3.8905, compared to 3.7018 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1887 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was October, with a trading range of 1.5809 MRO (High: 3.7442 / Low: 2.1633). On the other end, November was the most stable month, with a tight range of 0.0555 MRO (High: 3.6976 / Low: 3.6421).
Growth Streaks & Declines
TrendsBetween 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 September and October, when the average rate fell by 0.1599 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2018: 3.9091) against the same month in 2017 (average: 3.4509), the exchange rate shifted by +0.4582 (+13.28%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.0090 | 3.8116 | 3.9091 |
| February | 4.0079 | 3.9229 | 3.9648 |
| March | 3.9978 | 3.9237 | 3.9635 |
| April | 3.9855 | 3.8852 | 3.9413 |
| May | 3.8732 | 3.7323 | 3.8091 |
| June | 3.8230 | 3.7186 | 3.7552 |
| July | 3.7970 | 3.7305 | 3.7647 |
| August | 3.7759 | 3.6648 | 3.7236 |
| September | 3.7992 | 3.7402 | 3.7670 |
| October | 3.7442 | 2.1633 | 3.6072 |
| November | 3.6976 | 3.6421 | 3.6740 |
| December | 3.6996 | 3.6373 | 3.6742 |