2023 BZD to CVE Historical Review

YEARLY HIGH

52.3722 CVE

YEARLY LOW

48.5900 CVE

YEARLY AVERAGE

50.6766 CVE

2023 BZD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BZD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 6, valuing the pair at 52.3722. Conversely, the yearly low was recorded on July 18, dropping to 48.5900.

This high-to-low spread represents a total annual volatility of 3.7822 CVE. From a start-to-finish perspective, comparing the January average rate of 50.8434 to the December average rate of 50.1396, the exchange rate registered a net change of -1.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 52.3722 was down 10.11% compared to the 2022 peak of 58.2612, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 261,861 CVE

2022 Average 260,771 CVE

Yearly Trough Low 242,950 CVE

Transaction Impact: A difference of 18,910.76 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

52.0989

49.3579

JanuMarcMayJulySeptNove

BZD 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 50.7214, compared to 50.6318 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0896 points.

H1 Avg (Jan–Jun) 50.7214

H2 Avg (Jul–Dec) 50.6318

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 2.2052 CVE (High: 52.0997 / Low: 49.8945). On the other end, October was the most stable month, with a tight range of 0.9219 CVE (High: 52.3722 / Low: 51.4502).

November Spread (Volatile) ±2.2052

October Spread (Stable) ±0.9219

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 1.2528 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.2528

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 51.8705) against the same month in 2022 (average: 55.9881), the exchange rate shifted by -4.1176 (-7.35%).

2023 Avg (October) 51.8705

2022 Avg (October) 55.9881

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	51.9924	50.2602	50.8434
February	51.8030	50.0522	51.1277
March	51.9154	50.3122	51.2608
April	50.4849	49.4639	50.0080
May	51.2548	49.6830	50.4594
June	51.9664	49.9819	50.6294
July	50.4369	48.5900	49.5863
August	50.6360	49.5957	50.1619
September	51.9620	50.4345	51.2468
October	52.3722	51.4502	51.8705
November	52.0997	49.8945	50.7859
December	51.3046	49.2877	50.1396