2023 CVE to AFN Historical Review

YEARLY HIGH

0.9088 AFN

YEARLY LOW

0.6735 AFN

YEARLY AVERAGE

0.8107 AFN

2023 CVE to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 0.9088. Conversely, the yearly low was recorded on December 14, dropping to 0.6735.

This high-to-low spread represents a total annual volatility of 0.2352 AFN. From a start-to-finish perspective, comparing the January average rate of 0.8671 to the December average rate of 0.6915, the exchange rate registered a net change of -20.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9088 was down 16.60% compared to the 2022 peak of 1.0897, 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 4,544 AFN

2022 Average 4,297 AFN

Yearly Trough Low 3,368 AFN

Transaction Impact: A difference of 1,176.06 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8878

0.6737

JanuMarcMayJulySeptNove

CVE to AFN 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 0.8597, compared to 0.7618 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0978 points.

H1 Avg (Jan–Jun) 0.8597

H2 Avg (Jul–Dec) 0.7618

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0884 AFN (High: 0.8013 / Low: 0.7128). On the other end, March was the most stable month, with a tight range of 0.0191 AFN (High: 0.8601 / Low: 0.8409).

September Spread (Volatile) ±0.0884

March Spread (Stable) ±0.0191

Growth Streaks & Declines

Trends

Between March and May, 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 0.0802 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0802

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.8604) against the same month in 2022 (average: 0.8575), the exchange rate shifted by +0.0028 (+0.33%).

2023 Avg (April) 0.8604

2022 Avg (April) 0.8575

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8841	0.8416	0.8671
February	0.8971	0.8407	0.8699
March	0.8601	0.8409	0.8500
April	0.9088	0.8453	0.8604
May	0.8795	0.8422	0.8607
June	0.8642	0.8285	0.8498
July	0.8901	0.8415	0.8678
August	0.8611	0.8007	0.8350
September	0.8013	0.7128	0.7549
October	0.7490	0.7033	0.7229
November	0.7224	0.6805	0.6988
December	0.7096	0.6735	0.6915