2022 MXN to CVE Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 MXN to CVE Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the MXN to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 31, valuing the pair at 5.9003. Conversely, the yearly low was recorded on February 10, dropping to 4.6928.
This high-to-low spread represents a total annual volatility of 1.2075 CVE. From a start-to-finish perspective, comparing the January average rate of 4.7654 to the December average rate of 5.3277, the exchange rate registered a net change of 11.80% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 5.9003 was up 22.02% compared to the 2021 peak of 4.8357, 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 2022.
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 4.9966, compared to 5.4620 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4653 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was September, with a trading range of 0.4042 CVE (High: 5.7071 / Low: 5.3029). On the other end, January was the most stable month, with a tight range of 0.0862 CVE (High: 4.8151 / Low: 4.7290).
Growth Streaks & Declines
TrendsBetween January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.2564 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2022: 5.6420) against the same month in 2021 (average: 4.6636), the exchange rate shifted by +0.9784 (+20.98%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.8151 | 4.7290 | 4.7654 |
| February | 4.8574 | 4.6928 | 4.7689 |
| March | 5.0285 | 4.7536 | 4.8953 |
| April | 5.1634 | 5.0008 | 5.0835 |
| May | 5.3099 | 5.1281 | 5.2299 |
| June | 5.2852 | 5.1393 | 5.2367 |
| July | 5.3731 | 5.1183 | 5.2462 |
| August | 5.5704 | 5.2121 | 5.4279 |
| September | 5.7071 | 5.3029 | 5.5439 |
| October | 5.9003 | 5.5653 | 5.6420 |
| November | 5.7277 | 5.4799 | 5.5841 |
| December | 5.5536 | 5.2514 | 5.3277 |