YEARLY HIGH
23.6507 CVE
YEARLY LOW
21.5701 CVE
YEARLY AVERAGE
22.8088 CVE

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.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 473,014 CVE
2016 Average 481,443 CVE
Yearly Trough Low 431,401 CVE
Transaction Impact: A difference of 41,612.59 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

23.6153
21.6830
JanuMarcMayJulySeptNove

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)

Seasonal

The 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.

H1 Avg (Jan–Jun) 23.2833
H2 Avg (Jul–Dec) 22.3343

Volatility Range Comparison

Volatility

The 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).

July Spread (Volatile) ±0.8844
December Spread (Stable) ±0.3774

Growth Streaks & Declines

Trends

Between 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.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.6828

Same-Month Historical Baseline

YoY Baseline

Comparing 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%).

2017 Avg (March) 23.3154
2016 Avg (March) 24.4227

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