2023 ARS to CVE Historical Review

YEARLY HIGH

0.5860 CVE

YEARLY LOW

0.1230 CVE

YEARLY AVERAGE

0.3911 CVE

2023 ARS to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ARS to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.5860. Conversely, the yearly low was recorded on December 31, dropping to 0.1230.

This high-to-low spread represents a total annual volatility of 0.4630 CVE. From a start-to-finish perspective, comparing the January average rate of 0.5632 to the December average rate of 0.1857, the exchange rate registered a net change of -67.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5860 was down 38.44% compared to the 2022 peak of 0.9519, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,930 CVE

2022 Average 4,106 CVE

Yearly Trough Low 615 CVE

Transaction Impact: A difference of 2,314.90 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6009

0.1479

JanuMarcMayJulySeptNove

ARS 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 0.4883, compared to 0.2938 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1945 points.

H1 Avg (Jan–Jun) 0.4883

H2 Avg (Jul–Dec) 0.2938

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.1596 CVE (High: 0.2826 / Low: 0.1230). On the other end, October was the most stable month, with a tight range of 0.0049 CVE (High: 0.3012 / Low: 0.2964).

December Spread (Volatile) ±0.1596

October Spread (Stable) ±0.0049

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1039 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1039

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5632) against the same month in 2022 (average: 0.9404), the exchange rate shifted by -0.3772 (-40.11%).

2023 Avg (January) 0.5632

2022 Avg (January) 0.9404

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5860	0.5438	0.5632
February	0.5445	0.5282	0.5375
March	0.5268	0.4863	0.5091
April	0.4874	0.4506	0.4681
May	0.4526	0.4311	0.4407
June	0.4301	0.3950	0.4114
July	0.3959	0.3631	0.3760
August	0.3643	0.2888	0.3180
September	0.2993	0.2907	0.2952
October	0.3012	0.2964	0.2985
November	0.2998	0.2793	0.2895
December	0.2826	0.1230	0.1857