2023 BAM to CVE Historical Review

YEARLY HIGH

57.8353 CVE

YEARLY LOW

55.6078 CVE

YEARLY AVERAGE

56.4634 CVE

2023 BAM to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BAM to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on June 13, valuing the pair at 57.8353. Conversely, the yearly low was recorded on January 3, dropping to 55.6078.

This high-to-low spread represents a total annual volatility of 2.2275 CVE. From a start-to-finish perspective, comparing the January average rate of 56.3840 to the December average rate of 56.4603, the exchange rate registered a net change of 0.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 57.8353 was down 2.55% compared to the 2022 peak of 59.3461, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 289,177 CVE

2022 Average 282,608 CVE

Yearly Trough Low 278,039 CVE

Transaction Impact: A difference of 11,137.51 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

56.5481

56.3691

JanuMarcMayJulySeptNove

BAM 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 56.4689, compared to 56.4580 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0110 points.

H1 Avg (Jan–Jun) 56.4689

H2 Avg (Jul–Dec) 56.4580

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 1.7427 CVE (High: 57.8353 / Low: 56.0926). On the other end, August was the most stable month, with a tight range of 0.2836 CVE (High: 56.6480 / Low: 56.3644).

June Spread (Volatile) ±1.7427

August Spread (Stable) ±0.2836

Growth Streaks & Declines

Trends

Between March and June, 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 June and July, when the average rate fell by 0.0929 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0929

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 56.5332) against the same month in 2022 (average: 56.5673), the exchange rate shifted by -0.0341 (-0.06%).

2023 Avg (June) 56.5332

2022 Avg (June) 56.5673

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	56.8588	55.6078	56.3840
February	57.0266	56.3506	56.4536
March	56.5898	55.8336	56.4100
April	57.1498	56.0982	56.5027
May	56.8232	56.3767	56.5302
June	57.8353	56.0926	56.5332
July	56.7806	56.3562	56.4403
August	56.6480	56.3644	56.4194
September	56.8970	56.3766	56.4706
October	57.1376	56.2579	56.4578
November	57.1690	56.3704	56.4993
December	57.5938	56.3100	56.4603