2023 BBD to CVE Historical Review

YEARLY HIGH

52.7202 CVE

YEARLY LOW

48.9872 CVE

YEARLY AVERAGE

51.0474 CVE

2023 BBD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BBD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 52.7202. Conversely, the yearly low was recorded on July 18, dropping to 48.9872.

This high-to-low spread represents a total annual volatility of 3.7329 CVE. From a start-to-finish perspective, comparing the January average rate of 51.2431 to the December average rate of 50.5854, 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 52.7202 was down 9.78% compared to the 2022 peak of 58.4375, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 263,601 CVE

2022 Average 262,794 CVE

Yearly Trough Low 244,936 CVE

Transaction Impact: A difference of 18,664.72 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

52.4725

49.6834

JanuMarcMayJulySeptNove

BBD 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 51.0851, compared to 51.0097 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0754 points.

H1 Avg (Jan–Jun) 51.0851

H2 Avg (Jul–Dec) 51.0097

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 2.2025 CVE (High: 52.4750 / Low: 50.2725). On the other end, October was the most stable month, with a tight range of 0.8598 CVE (High: 52.7202 / Low: 51.8604).

November Spread (Volatile) ±2.2025

October Spread (Stable) ±0.8598

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 1.1851 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.1851

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 52.2401) against the same month in 2022 (average: 56.3760), the exchange rate shifted by -4.1359 (-7.34%).

2023 Avg (October) 52.2401

2022 Avg (October) 56.3760

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	52.4275	50.6985	51.2431
February	52.2091	50.4426	51.5345
March	52.3139	50.6305	51.5345
April	50.8100	49.6465	50.3493
May	51.6500	50.0729	50.8306
June	52.4000	50.3907	51.0184
July	50.8375	48.9872	49.9158
August	51.0652	49.9937	50.5555
September	52.3811	50.8328	51.6375
October	52.7202	51.8604	52.2401
November	52.4750	50.2725	51.1238
December	51.6875	49.7779	50.5854