2023 AFN to CVE Historical Review

YEARLY HIGH

1.4847 CVE

YEARLY LOW

1.1004 CVE

YEARLY AVERAGE

1.2432 CVE

2023 AFN to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 1.4847. Conversely, the yearly low was recorded on April 18, dropping to 1.1004.

This high-to-low spread represents a total annual volatility of 0.3843 CVE. From a start-to-finish perspective, comparing the January average rate of 1.1535 to the December average rate of 1.4464, the exchange rate registered a net change of 25.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.4847 was up 10.31% compared to the 2022 peak of 1.3459, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,423 CVE

2022 Average 5,862 CVE

Yearly Trough Low 5,502 CVE

Transaction Impact: A difference of 1,921.39 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.4761

1.1201

JanuMarcMayJulySeptNove

AFN 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 1.1635, compared to 1.3229 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1594 points.

H1 Avg (Jan–Jun) 1.1635

H2 Avg (Jul–Dec) 1.3229

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.1548 CVE (High: 1.4028 / Low: 1.2480). On the other end, March was the most stable month, with a tight range of 0.0265 CVE (High: 1.1892 / Low: 1.1627).

September Spread (Volatile) ±0.1548

March Spread (Stable) ±0.0265

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0242 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0242

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1.4464) against the same month in 2022 (average: 1.1932), the exchange rate shifted by +0.2532 (+21.22%).

2023 Avg (December) 1.4464

2022 Avg (December) 1.1932

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1882	1.1312	1.1535
February	1.1895	1.1148	1.1498
March	1.1892	1.1627	1.1765
April	1.1830	1.1004	1.1625
May	1.1874	1.1370	1.1621
June	1.2070	1.1571	1.1768
July	1.1884	1.1235	1.1526
August	1.2489	1.1613	1.1979
September	1.4028	1.2480	1.3257
October	1.4220	1.3352	1.3835
November	1.4694	1.3843	1.4314
December	1.4847	1.4093	1.4464