2023 AZN to CVE Historical Review

YEARLY HIGH

62.0237 CVE

YEARLY LOW

57.6320 CVE

YEARLY AVERAGE

60.0526 CVE

2023 AZN to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AZN to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 62.0237. Conversely, the yearly low was recorded on July 18, dropping to 57.6320.

This high-to-low spread represents a total annual volatility of 4.3917 CVE. From a start-to-finish perspective, comparing the January average rate of 60.2853 to the December average rate of 59.5122, the exchange rate registered a net change of -1.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 62.0237 was down 9.78% compared to the 2022 peak of 68.7500, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 310,119 CVE

2022 Average 309,172 CVE

Yearly Trough Low 288,160 CVE

Transaction Impact: A difference of 21,958.49 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

61.7330

58.4443

JanuMarcMayJulySeptNove

AZN 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 60.0969, compared to 60.0083 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0886 points.

H1 Avg (Jan–Jun) 60.0969

H2 Avg (Jul–Dec) 60.0083

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 2.5912 CVE (High: 61.7353 / Low: 59.1441). On the other end, October was the most stable month, with a tight range of 1.0115 CVE (High: 62.0237 / Low: 61.0122).

November Spread (Volatile) ±2.5912

October Spread (Stable) ±1.0115

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 1.3819 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.3819

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 61.4589) against the same month in 2022 (average: 66.3248), the exchange rate shifted by -4.8658 (-7.34%).

2023 Avg (October) 61.4589

2022 Avg (October) 66.3248

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	61.6794	59.6453	60.2853
February	61.4224	59.3442	60.6288
March	61.5458	59.5652	60.6164
April	59.7765	58.4077	59.2345
May	60.7647	58.9092	59.8007
June	61.6471	59.2832	60.0153
July	59.8088	57.6320	58.7183
August	60.0767	58.8161	59.4770
September	61.6249	59.8033	60.7500
October	62.0237	61.0122	61.4589
November	61.7353	59.1441	60.1330
December	60.8088	58.5622	59.5122