2017 MYR to CVE Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 MYR to CVE Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the MYR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 2, valuing the pair at 23.6507. Conversely, the yearly low was recorded on August 29, dropping to 21.5701.
This high-to-low spread represents a total annual volatility of 2.0806 CVE. From a start-to-finish perspective, comparing the January average rate of 23.3068 to the December average rate of 22.9167, the exchange rate registered a net change of -1.67% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 23.6507 was down 6.18% compared to the 2016 peak of 25.2094, 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 2017.
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 23.2833, compared to 22.3343 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9490 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was July, with a trading range of 0.8844 CVE (High: 22.7225 / Low: 21.8381). On the other end, December was the most stable month, with a tight range of 0.3774 CVE (High: 23.0790 / Low: 22.7015).
Growth Streaks & Declines
TrendsBetween August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.6828 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2017: 23.3154) against the same month in 2016 (average: 24.4227), the exchange rate shifted by -1.1073 (-4.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.4896 | 23.1112 | 23.3068 |
| February | 23.5642 | 23.1552 | 23.3986 |
| March | 23.6507 | 23.0621 | 23.3154 |
| April | 23.6323 | 23.1385 | 23.4543 |
| May | 23.4838 | 22.8916 | 23.1866 |
| June | 23.2455 | 22.5282 | 23.0378 |
| July | 22.7225 | 21.8381 | 22.3550 |
| August | 21.9702 | 21.5701 | 21.8441 |
| September | 22.3038 | 21.8231 | 22.0380 |
| October | 22.5370 | 22.1051 | 22.2300 |
| November | 22.8972 | 22.3993 | 22.6220 |
| December | 23.0790 | 22.7015 | 22.9167 |