2024 BRL to CVE Historical Review

YEARLY HIGH

20.8098 CVE

YEARLY LOW

15.7274 CVE

YEARLY AVERAGE

18.9979 CVE

2024 BRL to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BRL to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 20.8098. Conversely, the yearly low was recorded on December 25, dropping to 15.7274.

This high-to-low spread represents a total annual volatility of 5.0824 CVE. From a start-to-finish perspective, comparing the January average rate of 20.6044 to the December average rate of 17.1957, the exchange rate registered a net change of -16.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 20.8098 was down 3.45% compared to the 2023 peak of 21.5527, 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 520,246 CVE

2023 Average 511,361 CVE

Yearly Trough Low 393,186 CVE

Transaction Impact: A difference of 127,059.97 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

20.9453

16.8548

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 20.0867, compared to 17.9091 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.1776 points.

H1 Avg (Jan–Jun) 20.0867

H2 Avg (Jul–Dec) 17.9091

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 1.8817 CVE (High: 17.6091 / Low: 15.7274). On the other end, February was the most stable month, with a tight range of 0.3966 CVE (High: 20.7672 / Low: 20.3706).

December Spread (Volatile) ±1.8817

February Spread (Stable) ±0.3966

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.8798 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.8798

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 20.6044) against the same month in 2023 (average: 19.7589), the exchange rate shifted by +0.8455 (+4.28%).

2024 Avg (January) 20.6044

2023 Avg (January) 19.7589

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.8098	20.3146	20.6044
February	20.7672	20.3706	20.6006
March	20.6370	20.1592	20.3761
April	20.3197	19.6177	20.0410
May	20.4288	19.4533	19.8891
June	19.3780	18.3902	19.0093
July	18.8169	17.9486	18.3594
August	18.4918	17.6035	18.0629
September	18.2737	17.6384	17.9416
October	18.4264	17.5481	18.0202
November	18.2605	17.2645	17.8748
December	17.6091	15.7274	17.1957