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2021 BOB to CVE Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the BOB to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 14.3371. Conversely, the yearly low was recorded on June 13, dropping to 13.0273.
This high-to-low spread represents a total annual volatility of 1.3098 CVE. From a start-to-finish perspective, comparing the January average rate of 13.2028 to the December average rate of 14.2025, the exchange rate registered a net change of 7.57% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 14.3371 was down 61.68% compared to the 2020 peak of 37.4151, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BOB based on timing:
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BOB to CVE Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 13.3117, compared to 13.8037 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 0.4920 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was June, with a trading range of 0.8395 CVE (High: 13.8668 / Low: 13.0273). On the other end, October was the most stable month, with a tight range of 0.1345 CVE (High: 13.8660 / Low: 13.7315).
Growth Streaks & Declines
TrendsBetween May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.1984 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2021: 14.0441) against the same month in 2020 (average: 13.5607), the exchange rate shifted by +0.4835 (+3.57%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 13.2936 | 13.0870 | 13.2028 |
| February | 13.3796 | 13.1742 | 13.2538 |
| March | 13.6582 | 13.3049 | 13.4780 |
| April | 13.6432 | 13.2209 | 13.4174 |
| May | 13.3945 | 13.0945 | 13.2190 |
| June | 13.8668 | 13.0273 | 13.2989 |
| July | 13.6710 | 13.4952 | 13.5708 |
| August | 13.7033 | 13.4884 | 13.5868 |
| September | 13.8232 | 13.4774 | 13.6023 |
| October | 13.8660 | 13.7315 | 13.8156 |
| November | 14.3371 | 13.8133 | 14.0441 |
| December | 14.2681 | 14.1333 | 14.2025 |