2023 AED to CVE Historical Review

YEARLY HIGH

28.7069 CVE

YEARLY LOW

26.6742 CVE

YEARLY AVERAGE

27.7975 CVE

2023 AED to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AED to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 28.7069. Conversely, the yearly low was recorded on July 18, dropping to 26.6742.

This high-to-low spread represents a total annual volatility of 2.0326 CVE. From a start-to-finish perspective, comparing the January average rate of 27.9029 to the December average rate of 27.5479, the exchange rate registered a net change of -1.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 28.7069 was down 9.78% compared to the 2022 peak of 31.8200, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 143,534 CVE

2022 Average 143,094 CVE

Yearly Trough Low 133,371 CVE

Transaction Impact: A difference of 10,163.20 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

28.5718

27.0533

JanuMarcMayJulySeptNove

AED 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 27.8188, compared to 27.7762 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0426 points.

H1 Avg (Jan–Jun) 27.8188

H2 Avg (Jul–Dec) 27.7762

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.1947 CVE (High: 28.5732 / Low: 27.3786). On the other end, October was the most stable month, with a tight range of 0.4682 CVE (High: 28.7069 / Low: 28.2387).

November Spread (Volatile) ±1.1947

October Spread (Stable) ±0.4682

Growth Streaks & Declines

Trends

Between July and October, 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 0.6430 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.6430

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 28.4453) against the same month in 2022 (average: 30.6975), the exchange rate shifted by -2.2522 (-7.34%).

2023 Avg (October) 28.4453

2022 Avg (October) 30.6975

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	28.5475	27.6060	27.9029
February	28.4296	27.4660	28.0614
March	28.4880	27.5734	28.0634
April	27.6704	27.0384	27.4205
May	28.1303	27.2720	27.6840
June	28.5333	27.4392	27.7804
July	27.6825	26.6742	27.1798
August	27.8055	27.2218	27.5279
September	28.5222	27.6785	28.1173
October	28.7069	28.2387	28.4453
November	28.5732	27.3786	27.8388
December	28.1469	27.1066	27.5479