2024 BAM to CVE Historical Review

YEARLY HIGH

56.9431 CVE

YEARLY LOW

55.4969 CVE

YEARLY AVERAGE

56.4340 CVE

2024 BAM to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BAM to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 56.9431. Conversely, the yearly low was recorded on November 6, dropping to 55.4969.

This high-to-low spread represents a total annual volatility of 1.4463 CVE. From a start-to-finish perspective, comparing the January average rate of 56.4398 to the December average rate of 56.3906, the exchange rate registered a net change of -0.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 56.9431 was down 1.54% compared to the 2023 peak of 57.8353, 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 284,716 CVE

2023 Average 282,316 CVE

Yearly Trough Low 277,484 CVE

Transaction Impact: A difference of 7,231.30 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

56.4769

56.3650

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 56.4350, compared to 56.4330 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 56.4350

H2 Avg (Jul–Dec) 56.4330

Volatility Range Comparison

Volatility

The most volatile month in 2024 was April, with a trading range of 1.1714 CVE (High: 56.7493 / Low: 55.5780). On the other end, December was the most stable month, with a tight range of 0.1462 CVE (High: 56.5203 / Low: 56.3741).

April Spread (Volatile) ±1.1714

December Spread (Stable) ±0.1462

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0623 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0623

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 56.4512) against the same month in 2023 (average: 56.5302), the exchange rate shifted by -0.0790 (-0.14%).

2024 Avg (May) 56.4512

2023 Avg (May) 56.5302

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	56.7101	56.2878	56.4398
February	56.8054	56.3769	56.4669
March	56.7019	56.2095	56.4366
April	56.7493	55.5780	56.3743
May	56.9431	56.0882	56.4512
June	56.6927	56.3175	56.4410
July	56.6319	56.3539	56.4228
August	56.7798	56.3517	56.4676
September	56.6610	56.3699	56.4625
October	56.6000	56.3449	56.4410
November	56.6671	55.4969	56.4132
December	56.5203	56.3741	56.3906