2023 BOB to CVE Historical Review

YEARLY HIGH

15.2773 CVE

YEARLY LOW

14.1740 CVE

YEARLY AVERAGE

14.7799 CVE

2023 BOB to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 6, valuing the pair at 15.2773. Conversely, the yearly low was recorded on July 18, dropping to 14.1740.

This high-to-low spread represents a total annual volatility of 1.1033 CVE. From a start-to-finish perspective, comparing the January average rate of 14.8314 to the December average rate of 14.6248, the exchange rate registered a net change of -1.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 15.2773 was down 9.69% compared to the 2022 peak of 16.9163, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 76,386 CVE

2022 Average 76,249 CVE

Yearly Trough Low 70,870 CVE

Transaction Impact: A difference of 5,516.28 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

15.1982

14.3943

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 14.7909, compared to 14.7690 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0219 points.

H1 Avg (Jan–Jun) 14.7909

H2 Avg (Jul–Dec) 14.7690

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.6426 CVE (High: 15.1983 / Low: 14.5558). On the other end, October was the most stable month, with a tight range of 0.2679 CVE (High: 15.2773 / Low: 15.0094).

November Spread (Volatile) ±0.6426

October Spread (Stable) ±0.2679

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 0.3611 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3611

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 15.1312) against the same month in 2022 (average: 16.3142), the exchange rate shifted by -1.1830 (-7.25%).

2023 Avg (October) 15.1312

2022 Avg (October) 16.3142

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.1655	14.6611	14.8314
February	15.1112	14.6001	14.9143
March	15.1434	14.6597	14.9367
April	14.7091	14.4300	14.5756
May	14.9499	14.4954	14.7183
June	15.1591	14.5802	14.7689
July	14.7123	14.1740	14.4613
August	14.7709	14.4669	14.6329
September	15.1580	14.7118	14.9493
October	15.2773	15.0094	15.1312
November	15.1983	14.5558	14.8145
December	14.9665	14.3778	14.6248