2016 MYR to CVE Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 MYR to CVE Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the MYR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on April 19, valuing the pair at 25.2094. Conversely, the yearly low was recorded on January 10, dropping to 22.8377.
This high-to-low spread represents a total annual volatility of 2.3718 CVE. From a start-to-finish perspective, comparing the January average rate of 23.4354 to the December average rate of 23.4666, the exchange rate registered a net change of 0.13% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 25.2094 was down 11.71% compared to the 2015 peak of 28.5517, indicating shifts in long-term support levels.
Comparing the value generated converting 20,000 MYR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
MYR 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 24.1266, compared to 24.0157 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1110 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was January, with a trading range of 1.7369 CVE (High: 24.5746 / Low: 22.8377). On the other end, September was the most stable month, with a tight range of 0.5388 CVE (High: 24.2425 / Low: 23.7036).
Growth Streaks & Declines
TrendsBetween January and April, 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 April and May, when the average rate fell by 0.8649 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2016: 24.9482) against the same month in 2015 (average: 28.0577), the exchange rate shifted by -3.1096 (-11.08%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.5746 | 22.8377 | 23.4354 |
| February | 24.3904 | 23.5410 | 23.7876 |
| March | 25.0191 | 23.9932 | 24.4227 |
| April | 25.2094 | 24.6589 | 24.9482 |
| May | 24.6158 | 23.8927 | 24.0833 |
| June | 24.8605 | 23.7726 | 24.0826 |
| July | 25.1953 | 24.4612 | 24.7948 |
| August | 24.7762 | 24.1574 | 24.4363 |
| September | 24.2425 | 23.7036 | 23.9402 |
| October | 24.3593 | 23.6972 | 23.9356 |
| November | 23.9260 | 23.1991 | 23.5204 |
| December | 23.8000 | 22.9432 | 23.4666 |