2023 MYR to CVE Historical Review

YEARLY HIGH

24.0912 CVE

YEARLY LOW

21.4780 CVE

YEARLY AVERAGE

22.4110 CVE

2023 MYR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MYR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 24.0912. Conversely, the yearly low was recorded on December 23, dropping to 21.4780.

This high-to-low spread represents a total annual volatility of 2.6132 CVE. From a start-to-finish perspective, comparing the January average rate of 23.6785 to the December average rate of 21.7218, the exchange rate registered a net change of -8.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 24.0912 was down 3.62% compared to the 2022 peak of 24.9948, 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 481,824 CVE

2022 Average 477,754 CVE

Yearly Trough Low 429,560 CVE

Transaction Impact: A difference of 52,263.61 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

23.8741

21.5261

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 22.9432, compared to 21.8788 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.0644 points.

H1 Avg (Jan–Jun) 22.9432

H2 Avg (Jul–Dec) 21.8788

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 1.1363 CVE (High: 22.6987 / Low: 21.5624). On the other end, September was the most stable month, with a tight range of 0.4238 CVE (High: 22.2991 / Low: 21.8753).

June Spread (Volatile) ±1.1363

September Spread (Stable) ±0.4238

Growth Streaks & Declines

Trends

Between July and September, 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 February and March, when the average rate fell by 0.5558 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5558

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 23.6140) against the same month in 2022 (average: 23.3072), the exchange rate shifted by +0.3067 (+1.32%).

2023 Avg (February) 23.6140

2022 Avg (February) 23.3072

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	24.0339	23.4021	23.6785
February	24.0912	23.2039	23.6140
March	23.3021	22.8018	23.0582
April	23.0468	22.4167	22.7593
May	22.7384	22.1987	22.5041
June	22.6987	21.5624	22.0451
July	22.0653	21.5024	21.7372
August	22.2482	21.7602	21.9343
September	22.2991	21.8753	22.0638
October	22.3225	21.6536	22.0184
November	22.2642	21.4951	21.7976
December	22.1241	21.4780	21.7218