2023 BRL to CVE Historical Review

YEARLY HIGH

21.5527 CVE

YEARLY LOW

18.8521 CVE

YEARLY AVERAGE

20.4528 CVE

2023 BRL to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BRL to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on June 13, valuing the pair at 21.5527. Conversely, the yearly low was recorded on January 3, dropping to 18.8521.

This high-to-low spread represents a total annual volatility of 2.7006 CVE. From a start-to-finish perspective, comparing the January average rate of 19.7589 to the December average rate of 20.6596, the exchange rate registered a net change of 4.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 21.5527 was down 4.47% compared to the 2022 peak of 22.5614, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 BRL based on timing:

Yearly Peak High 538,817 CVE

2022 Average 509,807 CVE

Yearly Trough Low 471,302 CVE

Transaction Impact: A difference of 67,515.35 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

21.1568

19.6318

JanuMarcMayJulySeptNove

BRL 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 20.1632, compared to 20.7423 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5791 points.

H1 Avg (Jan–Jun) 20.1632

H2 Avg (Jul–Dec) 20.7423

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 1.2264 CVE (High: 20.0785 / Low: 18.8521). On the other end, December was the most stable month, with a tight range of 0.5604 CVE (High: 21.0283 / Low: 20.4679).

January Spread (Volatile) ±1.2264

December Spread (Stable) ±0.5604

Growth Streaks & Declines

Trends

Between March and June, 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 September and October, when the average rate fell by 0.2428 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2428

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 21.0297) against the same month in 2022 (average: 20.7247), the exchange rate shifted by +0.3050 (+1.47%).

2023 Avg (June) 21.0297

2022 Avg (June) 20.7247

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.0785	18.8521	19.7589
February	20.2347	19.3886	19.9001
March	20.3327	19.1112	19.7805
April	20.4933	19.8173	20.0810
May	20.7694	19.9515	20.4290
June	21.5527	20.5262	21.0297
July	21.1988	20.3655	20.8052
August	21.0221	20.2757	20.6027
September	21.2987	20.5468	20.8828
October	20.9843	20.2180	20.6399
November	21.4136	20.4955	20.8638
December	21.0283	20.4679	20.6596