2023 CVE to AED Historical Review

YEARLY HIGH

0.0375 AED

YEARLY LOW

0.0348 AED

YEARLY AVERAGE

0.0360 AED

2023 CVE to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 0.0375. Conversely, the yearly low was recorded on October 3, dropping to 0.0348.

This high-to-low spread represents a total annual volatility of 0.0027 AED. From a start-to-finish perspective, comparing the January average rate of 0.0358 to the December average rate of 0.0363, the exchange rate registered a net change of 1.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0375 was down 1.52% compared to the 2022 peak of 0.0381, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 187 AED

2022 Average 175 AED

Yearly Trough Low 174 AED

Transaction Impact: A difference of 13.27 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0370

0.0350

JanuMarcMayJulySeptNove

CVE to AED 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 0.0360, compared to 0.0360 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0360

H2 Avg (Jul–Dec) 0.0360

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0015 AED (High: 0.0365 / Low: 0.0350). On the other end, October was the most stable month, with a tight range of 0.0006 AED (High: 0.0354 / Low: 0.0348).

November Spread (Volatile) ±0.0015

October Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between October and December, 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 August and September, when the average rate fell by 0.0008 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0368) against the same month in 2022 (average: 0.0342), the exchange rate shifted by +0.0026 (+7.73%).

2023 Avg (July) 0.0368

2022 Avg (July) 0.0342

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0362	0.0350	0.0358
February	0.0364	0.0352	0.0356
March	0.0363	0.0351	0.0356
April	0.0370	0.0361	0.0365
May	0.0367	0.0355	0.0361
June	0.0364	0.0350	0.0360
July	0.0375	0.0361	0.0368
August	0.0367	0.0360	0.0363
September	0.0361	0.0351	0.0356
October	0.0354	0.0348	0.0352
November	0.0365	0.0350	0.0359
December	0.0369	0.0355	0.0363