2023 BND to CVE Historical Review

YEARLY HIGH

78.2311 CVE

YEARLY LOW

74.1410 CVE

YEARLY AVERAGE

76.0483 CVE

2023 BND to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 78.2311. Conversely, the yearly low was recorded on July 18, dropping to 74.1410.

This high-to-low spread represents a total annual volatility of 4.0901 CVE. From a start-to-finish perspective, comparing the January average rate of 77.2333 to the December average rate of 75.9347, the exchange rate registered a net change of -1.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 78.2311 was down 5.17% compared to the 2022 peak of 82.4957, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 391,155 CVE

2022 Average 381,029 CVE

Yearly Trough Low 370,705 CVE

Transaction Impact: A difference of 20,450.54 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

77.6438

74.5477

JanuMarcMayJulySeptNove

BND 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 76.5005, compared to 75.5961 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9045 points.

H1 Avg (Jan–Jun) 76.5005

H2 Avg (Jul–Dec) 75.5961

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 3.4779 CVE (High: 78.1291 / Low: 74.6512). On the other end, August was the most stable month, with a tight range of 1.1221 CVE (High: 75.4146 / Low: 74.2926).

June Spread (Volatile) ±3.4779

August Spread (Stable) ±1.1221

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 1.2245 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.2245

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 77.2333) against the same month in 2022 (average: 72.3453), the exchange rate shifted by +4.8880 (+6.76%).

2023 Avg (January) 77.2333

2022 Avg (January) 72.3453

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	78.2311	76.7489	77.2333
February	77.8729	76.7083	77.3858
March	77.4626	76.3156	76.9288
April	76.5065	74.8653	75.7042
May	76.4568	75.2163	75.9274
June	78.1291	74.6512	75.8235
July	75.4178	74.1410	74.8057
August	75.4146	74.2926	74.8675
September	76.7832	75.2919	75.8061
October	76.8922	75.6605	76.3351
November	77.1537	75.0955	75.8273
December	77.7485	75.3984	75.9347