wrote:
While measuring the SWR, the needle fluctuates, as the voice is
modulated. Is the "value of SWR" the highest it hits? What's the
convention?

Depends on the inertial dampening of the meter needle.
If you can, use FM mode with zero modulation or simply
plug in a shorted audio plug to your CW key socket.
--
73, Cecil http://www.qsl.net/w5dxp

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