YEARLY HIGH
23.9362 CVE
YEARLY LOW
22.6826 CVE
YEARLY AVERAGE
23.2181 CVE

2018 MYR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MYR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on May 29, valuing the pair at 23.9362. Conversely, the yearly low was recorded on September 25, dropping to 22.6826.

This high-to-low spread represents a total annual volatility of 1.2536 CVE. From a start-to-finish perspective, comparing the January average rate of 22.9574 to the December average rate of 23.2891, the exchange rate registered a net change of 1.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 23.9362 was up 1.21% compared to the 2017 peak of 23.6507, 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 478,723 CVE
2017 Average 456,083 CVE
Yearly Trough Low 453,652 CVE
Transaction Impact: A difference of 25,071.09 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

23.7770
22.8291
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 23.2126, compared to 23.2235 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0110 points.

H1 Avg (Jan–Jun) 23.2126
H2 Avg (Jul–Dec) 23.2235

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.9671 CVE (High: 23.9362 / Low: 22.9690). On the other end, November was the most stable month, with a tight range of 0.3684 CVE (High: 23.3836 / Low: 23.0152).

May Spread (Volatile) ±0.9671
November Spread (Stable) ±0.3684

Growth Streaks & Declines

Trends

Between February and June, 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 August and September, when the average rate fell by 0.4903 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.4903

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2018: 23.5223) against the same month in 2017 (average: 23.1866), the exchange rate shifted by +0.3357 (+1.45%).

2018 Avg (May) 23.5223
2017 Avg (May) 23.1866

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 23.1526 22.7015 22.9574
February 23.1653 22.7291 22.9098
March 23.2686 22.8172 22.9848
April 23.3931 22.9789 23.2032
May 23.9362 22.9690 23.5223
June 23.8746 23.3975 23.6980
July 23.6382 23.1220 23.3629
August 23.8012 22.9391 23.3984
September 23.0622 22.6826 22.9081
October 23.3481 22.8985 23.1521
November 23.3836 23.0152 23.2305
December 23.5443 23.0836 23.2891