2024 CAD to CVE Historical Review

YEARLY HIGH

76.3029 CVE

YEARLY LOW

72.5488 CVE

YEARLY AVERAGE

74.4474 CVE

2024 CAD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CAD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on February 15, valuing the pair at 76.3029. Conversely, the yearly low was recorded on November 2, dropping to 72.5488.

This high-to-low spread represents a total annual volatility of 3.7541 CVE. From a start-to-finish perspective, comparing the January average rate of 75.3756 to the December average rate of 73.7943, the exchange rate registered a net change of -2.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 76.3029 was down 3.06% compared to the 2023 peak of 78.7085, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 381,514 CVE

2023 Average 378,090 CVE

Yearly Trough Low 362,744 CVE

Transaction Impact: A difference of 18,770.28 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

76.0325

73.1136

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 75.1391, compared to 73.7556 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3835 points.

H1 Avg (Jan–Jun) 75.1391

H2 Avg (Jul–Dec) 73.7556

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 3.4691 CVE (High: 76.0179 / Low: 72.5488). On the other end, October was the most stable month, with a tight range of 1.0996 CVE (High: 74.0220 / Low: 72.9223).

November Spread (Volatile) ±3.4691

October Spread (Stable) ±1.0996

Growth Streaks & Declines

Trends

Between September and November, 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 February and March, when the average rate fell by 0.7911 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.7911

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 75.7893) against the same month in 2023 (average: 76.5869), the exchange rate shifted by -0.7976 (-1.04%).

2024 Avg (February) 75.7893

2023 Avg (February) 76.5869

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	76.0165	74.8997	75.3756
February	76.3029	74.9269	75.7893
March	75.8355	74.4613	74.9981
April	75.7709	73.9302	75.0914
May	75.7964	74.0374	74.7484
June	75.5192	73.7434	74.8318
July	75.2427	73.3334	74.1526
August	74.1152	72.7961	73.4081
September	73.9569	72.7246	73.3568
October	74.0220	72.9223	73.6161
November	76.0179	72.5488	74.2061
December	74.7529	72.6369	73.7943