YEARLY HIGH
24.2681 CVE
YEARLY LOW
23.3123 CVE
YEARLY AVERAGE
23.8544 CVE

2019 MYR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MYR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 24.2681. Conversely, the yearly low was recorded on January 2, dropping to 23.3123.

This high-to-low spread represents a total annual volatility of 0.9557 CVE. From a start-to-finish perspective, comparing the January average rate of 23.5234 to the December average rate of 24.0516, the exchange rate registered a net change of 2.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 24.2681 was up 1.39% compared to the 2018 peak of 23.9362, 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 485,362 CVE
2018 Average 464,403 CVE
Yearly Trough Low 466,247 CVE
Transaction Impact: A difference of 19,114.62 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

24.1514
23.4663
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 23.7715, compared to 23.9373 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1657 points.

H1 Avg (Jan–Jun) 23.7715
H2 Avg (Jul–Dec) 23.9373

Volatility Range Comparison

Volatility

The most volatile month in 2019 was April, with a trading range of 0.5904 CVE (High: 24.1479 / Low: 23.5575). On the other end, March was the most stable month, with a tight range of 0.2805 CVE (High: 24.1485 / Low: 23.8681).

April Spread (Volatile) ±0.5904
March Spread (Stable) ±0.2805

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.1977 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.1977

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2019: 24.0943) against the same month in 2018 (average: 23.2305), the exchange rate shifted by +0.8638 (+3.72%).

2019 Avg (November) 24.0943
2018 Avg (November) 23.2305

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 23.6274 23.3123 23.5234
February 24.0185 23.5322 23.8797
March 24.1485 23.8681 23.9811
April 24.1479 23.5575 23.9207
May 23.8815 23.5089 23.7230
June 23.7964 23.4413 23.6014
July 24.1440 23.5844 23.8776
August 23.9685 23.4288 23.7065
September 24.1784 23.8417 23.9832
October 24.1223 23.7179 23.9103
November 24.2681 23.9059 24.0943
December 24.1889 23.8701 24.0516