2024 MRO to CVE Historical Review

YEARLY HIGH

106.2388 CVE

YEARLY LOW

98.5110 CVE

YEARLY AVERAGE

102.0111 CVE

2024 MRO to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MRO to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 106.2388. Conversely, the yearly low was recorded on August 25, dropping to 98.5110.

This high-to-low spread represents a total annual volatility of 7.7278 CVE. From a start-to-finish perspective, comparing the January average rate of 101.1387 to the December average rate of 105.2390, the exchange rate registered a net change of 4.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 106.2388 was up 0.76% compared to the 2023 peak of 105.4404, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 531,194 CVE

2023 Average 510,435 CVE

Yearly Trough Low 492,555 CVE

Transaction Impact: A difference of 38,639.06 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

105.8243

98.8001

JanuMarcMayJulySeptNove

MRO to CVE 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 102.0702, compared to 101.9520 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1183 points.

H1 Avg (Jan–Jun) 102.0702

H2 Avg (Jul–Dec) 101.9520

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 4.6869 CVE (High: 105.9205 / Low: 101.2336). On the other end, February was the most stable month, with a tight range of 1.3227 CVE (High: 103.0367 / Low: 101.7140).

November Spread (Volatile) ±4.6869

February Spread (Stable) ±1.3227

Growth Streaks & Declines

Trends

Between September and December, 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 1.3728 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.3728

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 105.2390) against the same month in 2023 (average: 101.1707), the exchange rate shifted by +4.0683 (+4.02%).

2024 Avg (December) 105.2390

2023 Avg (December) 101.1707

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	101.8762	99.8280	101.1387
February	103.0367	101.7140	102.2744
March	102.4500	100.7400	101.5538
April	103.8750	101.5191	102.7285
May	103.6250	101.2023	102.1635
June	103.4500	101.3042	102.5626
July	103.0500	100.8723	101.6989
August	102.5500	98.5110	100.3261
September	100.0728	98.6579	99.3854
October	102.3534	99.4863	101.2976
November	105.9205	101.2336	103.7649
December	106.2388	104.1774	105.2390