YEARLY HIGH
0.0691 CVE
YEARLY LOW
0.0487 CVE
YEARLY AVERAGE
0.0587 CVE

2021 MMK to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MMK to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 0.0691. Conversely, the yearly low was recorded on October 6, dropping to 0.0487.

This high-to-low spread represents a total annual volatility of 0.0205 CVE. From a start-to-finish perspective, comparing the January average rate of 0.0684 to the December average rate of 0.0550, the exchange rate registered a net change of -19.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0691 was down 61.64% compared to the 2020 peak of 0.1803, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MMK based on timing:

Yearly Peak High 346 CVE
2020 Average 355 CVE
Yearly Trough Low 243 CVE
Transaction Impact: A difference of 102.36 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0702
0.0488
JanuMarcMayJulySeptNove

MMK 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 0.0629, compared to 0.0545 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0084 points.

H1 Avg (Jan–Jun) 0.0629
H2 Avg (Jul–Dec) 0.0545

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0082 CVE (High: 0.0669 / Low: 0.0587). On the other end, December was the most stable month, with a tight range of 0.0005 CVE (High: 0.0553 / Low: 0.0547).

April Spread (Volatile) ±0.0082
December Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between June and August, 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 0.0073 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 0.0654) against the same month in 2020 (average: 0.0699), the exchange rate shifted by -0.0046 (-6.54%).

2021 Avg (February) 0.0654
2020 Avg (February) 0.0699

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0688 0.0678 0.0684
February 0.0691 0.0646 0.0654
March 0.0669 0.0651 0.0660
April 0.0669 0.0587 0.0645
May 0.0593 0.0549 0.0572
June 0.0582 0.0549 0.0559
July 0.0573 0.0566 0.0569
August 0.0576 0.0566 0.0570
September 0.0567 0.0505 0.0533
October 0.0531 0.0487 0.0505
November 0.0554 0.0521 0.0542
December 0.0553 0.0547 0.0550