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2024 CVE to STD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CVE to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 226.1860. Conversely, the yearly low was recorded on December 20, dropping to 209.7332.
This high-to-low spread represents a total annual volatility of 16.4528 STD. From a start-to-finish perspective, comparing the January average rate of 220.3150 to the December average rate of 211.7326, the exchange rate registered a net change of -3.90% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 226.1860 was down 2.91% compared to the 2023 peak of 232.9585, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CVE based on timing:
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CVE to STD 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 218.3123, compared to 218.6513 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 0.3390 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 9.7393 STD (High: 220.1028 / Low: 210.3635). On the other end, February was the most stable month, with a tight range of 2.8121 STD (High: 219.0632 / Low: 216.2511).
Growth Streaks & Declines
TrendsBetween June and September, 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 October and November, when the average rate fell by 5.2001 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 222.1193) against the same month in 2023 (average: 220.3788), the exchange rate shifted by +1.7406 (+0.79%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 223.2019 | 218.7144 | 220.3150 |
| February | 219.0632 | 216.2511 | 217.8655 |
| March | 221.1812 | 217.4895 | 219.4138 |
| April | 219.4838 | 214.5059 | 216.9124 |
| May | 220.1709 | 215.0234 | 218.1073 |
| June | 219.9495 | 215.3871 | 217.2599 |
| July | 220.8913 | 216.2232 | 219.1011 |
| August | 226.1860 | 217.2774 | 222.1193 |
| September | 225.8492 | 222.6558 | 224.1997 |
| October | 223.9685 | 217.6947 | 219.9777 |
| November | 220.1028 | 210.3635 | 214.7776 |
| December | 213.8832 | 209.7332 | 211.7326 |