2021 MXN to CVE Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 MXN to CVE Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the MXN to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on June 28, valuing the pair at 4.8357. Conversely, the yearly low was recorded on March 8, dropping to 4.3420.
This high-to-low spread represents a total annual volatility of 0.4938 CVE. From a start-to-finish perspective, comparing the January average rate of 4.5562 to the December average rate of 4.6907, the exchange rate registered a net change of 2.95% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 4.8357 was down 55.50% compared to the 2020 peak of 10.8678, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
MXN 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 4.5543, compared to 4.6746 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1203 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was June, with a trading range of 0.3622 CVE (High: 4.8357 / Low: 4.4735). On the other end, July was the most stable month, with a tight range of 0.0739 CVE (High: 4.7263 / Low: 4.6524).
Growth Streaks & Declines
TrendsBetween May and July, 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 April and May, when the average rate fell by 0.0509 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2021: 4.5910) against the same month in 2020 (average: 4.4062), the exchange rate shifted by +0.1848 (+4.20%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.6665 | 4.4254 | 4.5562 |
| February | 4.5882 | 4.3652 | 4.5103 |
| March | 4.6144 | 4.3420 | 4.4833 |
| April | 4.6610 | 4.5152 | 4.6181 |
| May | 4.6383 | 4.5160 | 4.5672 |
| June | 4.8357 | 4.4735 | 4.5910 |
| July | 4.7263 | 4.6524 | 4.6954 |
| August | 4.7085 | 4.6223 | 4.6700 |
| September | 4.7210 | 4.6232 | 4.6872 |
| October | 4.7251 | 4.5848 | 4.6636 |
| November | 4.7264 | 4.4703 | 4.6409 |
| December | 4.7770 | 4.5716 | 4.6907 |