2023 CNY to CVE Historical Review

YEARLY HIGH

15.3292 CVE

YEARLY LOW

13.6071 CVE

YEARLY AVERAGE

14.4434 CVE

2023 CNY to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 15.3292. Conversely, the yearly low was recorded on July 19, dropping to 13.6071.

This high-to-low spread represents a total annual volatility of 1.7222 CVE. From a start-to-finish perspective, comparing the January average rate of 15.0901 to the December average rate of 14.2125, the exchange rate registered a net change of -5.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 15.3292 was down 5.50% compared to the 2022 peak of 16.2210, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 383,231 CVE

2022 Average 390,534 CVE

Yearly Trough Low 340,176 CVE

Transaction Impact: A difference of 43,054.68 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

15.2100

13.7712

JanuMarcMayJulySeptNove

CNY 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 14.7560, compared to 14.1308 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6252 points.

H1 Avg (Jan–Jun) 14.7560

H2 Avg (Jul–Dec) 14.1308

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.6715 CVE (High: 14.6216 / Low: 13.9501). On the other end, May was the most stable month, with a tight range of 0.1476 CVE (High: 14.6341 / Low: 14.4865).

June Spread (Volatile) ±0.6715

May Spread (Stable) ±0.1476

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 June and July, when the average rate fell by 0.3724 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3724

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 15.0901) against the same month in 2022 (average: 15.3724), the exchange rate shifted by -0.2823 (-1.84%).

2023 Avg (January) 15.0901

2022 Avg (January) 15.3724

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.3292	14.9383	15.0901
February	15.1994	14.8906	15.0603
March	15.1072	14.7600	14.9532
April	14.7872	14.4418	14.6223
May	14.6341	14.4865	14.5469
June	14.6216	13.9501	14.2634
July	14.0801	13.6071	13.8911
August	14.2051	13.8569	13.9663
September	14.3519	14.0012	14.1612
October	14.6524	14.1889	14.3630
November	14.3777	14.0042	14.1909
December	14.6072	13.9586	14.2125