2024 CVE to AFN Historical Review

YEARLY HIGH

0.7371 AFN

YEARLY LOW

0.6387 AFN

YEARLY AVERAGE

0.6914 AFN

2024 CVE to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 0.7371. Conversely, the yearly low was recorded on November 14, dropping to 0.6387.

This high-to-low spread represents a total annual volatility of 0.0984 AFN. From a start-to-finish perspective, comparing the January average rate of 0.7073 to the December average rate of 0.6597, the exchange rate registered a net change of -6.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7371 was down 18.89% compared to the 2023 peak of 0.9088, 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 3,685 AFN

2023 Average 4,052 AFN

Yearly Trough Low 3,194 AFN

Transaction Impact: A difference of 491.76 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7217

0.6460

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 0.7036, compared to 0.6792 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0244 points.

H1 Avg (Jan–Jun) 0.7036

H2 Avg (Jul–Dec) 0.6792

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0468 AFN (High: 0.6882 / Low: 0.6415). On the other end, July was the most stable month, with a tight range of 0.0133 AFN (High: 0.7005 / Low: 0.6872).

October Spread (Volatile) ±0.0468

July Spread (Stable) ±0.0133

Growth Streaks & Declines

Trends

Between June and August, 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 September and October, when the average rate fell by 0.0369 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0369

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.7154) against the same month in 2023 (average: 0.8699), the exchange rate shifted by -0.1545 (-17.76%).

2024 Avg (February) 0.7154

2023 Avg (February) 0.8699

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7307	0.6900	0.7073
February	0.7371	0.7044	0.7154
March	0.7201	0.6975	0.7108
April	0.7076	0.6915	0.6988
May	0.7094	0.6908	0.7016
June	0.7065	0.6778	0.6877
July	0.7005	0.6872	0.6958
August	0.7198	0.6875	0.7058
September	0.7118	0.6851	0.6994
October	0.6882	0.6415	0.6624
November	0.6660	0.6387	0.6524
December	0.6684	0.6432	0.6597