YEARLY HIGH
58.8899 CVE
YEARLY LOW
22.1344 CVE
YEARLY AVERAGE
23.2152 CVE

2020 MYR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MYR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 58.8899. Conversely, the yearly low was recorded on August 1, dropping to 22.1344.

This high-to-low spread represents a total annual volatility of 36.7555 CVE. From a start-to-finish perspective, comparing the January average rate of 24.4382 to the December average rate of 22.4132, the exchange rate registered a net change of -8.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 58.8899 was up 142.66% compared to the 2019 peak of 24.2681, 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 1,177,798 CVE
2019 Average 477,074 CVE
Yearly Trough Low 442,689 CVE
Transaction Impact: A difference of 735,109.42 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

24.7231
22.0703
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 23.8556, compared to 22.5749 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2808 points.

H1 Avg (Jan–Jun) 23.8556
H2 Avg (Jul–Dec) 22.5749

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 36.0314 CVE (High: 58.8899 / Low: 22.8585). On the other end, December was the most stable month, with a tight range of 0.2622 CVE (High: 22.5644 / Low: 22.3022).

March Spread (Volatile) ±36.0314
December Spread (Stable) ±0.2622

Growth Streaks & Declines

Trends

Between August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 1.0863 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -1.0863

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 24.5020) against the same month in 2019 (average: 23.9811), the exchange rate shifted by +0.5210 (+2.17%).

2020 Avg (March) 24.5020
2019 Avg (March) 23.9811

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 24.7079 24.1169 24.4382
February 24.6620 23.9373 24.3923
March 58.8899 22.8585 24.5020
April 23.6427 23.2169 23.4157
May 23.7368 22.9025 23.3637
June 23.2279 22.8687 23.0217
July 23.5979 22.1344 22.7081
August 22.5361 22.1344 22.2914
September 22.8745 22.3388 22.6180
October 22.7908 22.4654 22.6633
November 22.9010 22.5990 22.7552
December 22.5644 22.3022 22.4132