2023 CAD to CVE Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CAD to CVE Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CAD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on June 13, valuing the pair at 78.7085. Conversely, the yearly low was recorded on April 26, dropping to 73.3867.
This high-to-low spread represents a total annual volatility of 5.3218 CVE. From a start-to-finish perspective, comparing the January average rate of 76.3668 to the December average rate of 75.4396, the exchange rate registered a net change of -1.21% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 78.7085 was down 8.33% compared to the 2022 peak of 85.8605, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
CAD to CVE Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 75.7699, compared to 75.4799 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2900 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 3.1838 CVE (High: 76.7655 / Low: 73.5817). On the other end, August was the most stable month, with a tight range of 1.4408 CVE (High: 75.8064 / Low: 74.3655).
Growth Streaks & Declines
TrendsBetween April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 1.5994 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2023: 76.7875) against the same month in 2022 (average: 81.6294), the exchange rate shifted by -4.8419 (-5.93%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 78.0194 | 75.4956 | 76.3668 |
| February | 77.4523 | 75.2453 | 76.5869 |
| March | 76.5870 | 73.8139 | 75.2315 |
| April | 75.6247 | 73.3867 | 74.5016 |
| May | 76.0920 | 73.4798 | 75.1449 |
| June | 78.7085 | 76.2559 | 76.7875 |
| July | 76.5478 | 74.0711 | 75.4569 |
| August | 75.8064 | 74.3655 | 74.9815 |
| September | 77.6520 | 74.8811 | 76.2179 |
| October | 77.1022 | 75.0821 | 76.1914 |
| November | 76.7655 | 73.5817 | 74.5920 |
| December | 77.1193 | 74.8974 | 75.4396 |