2020 MVR to CVE Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 MVR to CVE Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the MVR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 16.7244. Conversely, the yearly low was recorded on December 30, dropping to 5.8482.
This high-to-low spread represents a total annual volatility of 10.8761 CVE. From a start-to-finish perspective, comparing the January average rate of 6.4485 to the December average rate of 5.8987, the exchange rate registered a net change of -8.53% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 16.7244 was up 154.41% compared to the 2019 peak of 6.5739, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MVR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
MVR to CVE 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 6.5603, compared to 6.0864 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4739 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 10.4502 CVE (High: 16.7244 / Low: 6.2742). On the other end, October was the most stable month, with a tight range of 0.0997 CVE (High: 6.1477 / Low: 6.0480).
Growth Streaks & Declines
TrendsBetween January and March, 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 July and August, when the average rate fell by 0.2279 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2020: 6.8205) against the same month in 2019 (average: 6.3280), the exchange rate shifted by +0.4925 (+7.78%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 6.5113 | 6.3851 | 6.4485 |
| February | 6.6552 | 6.4796 | 6.5648 |
| March | 16.7244 | 6.2742 | 6.8205 |
| April | 6.6591 | 6.5512 | 6.6052 |
| May | 6.6440 | 6.4401 | 6.5511 |
| June | 6.4346 | 6.2914 | 6.3714 |
| July | 6.5162 | 6.0902 | 6.2878 |
| August | 6.1279 | 6.0123 | 6.0599 |
| September | 6.1811 | 6.0123 | 6.0921 |
| October | 6.1477 | 6.0480 | 6.1077 |
| November | 6.1721 | 5.9864 | 6.0720 |
| December | 5.9708 | 5.8482 | 5.8987 |