2024 CVE to ARS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CVE to ARS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CVE to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 9.8070. Conversely, the yearly low was recorded on January 5, dropping to 7.9990.
This high-to-low spread represents a total annual volatility of 1.8081 ARS. From a start-to-finish perspective, comparing the January average rate of 8.0848 to the December average rate of 9.6910, the exchange rate registered a net change of 19.87% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 9.8070 was up 20.63% compared to the 2023 peak of 8.1295, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CVE based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
CVE to ARS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 8.4236, compared to 9.5161 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0925 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 0.5027 ARS (High: 9.5990 / Low: 9.0963). On the other end, January was the most stable month, with a tight range of 0.1285 ARS (High: 8.1274 / Low: 7.9990).
Growth Streaks & Declines
TrendsBetween January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0359 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 9.6317) against the same month in 2023 (average: 3.4557), the exchange rate shifted by +6.1760 (+178.72%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.1274 | 7.9990 | 8.0848 |
| February | 8.2740 | 8.0638 | 8.1559 |
| March | 8.4519 | 8.2342 | 8.3753 |
| April | 8.5302 | 8.3552 | 8.4477 |
| May | 8.8018 | 8.4463 | 8.6678 |
| June | 8.9107 | 8.7360 | 8.8099 |
| July | 9.1675 | 8.8639 | 9.0662 |
| August | 9.5990 | 9.0963 | 9.3773 |
| September | 9.8051 | 9.5297 | 9.6626 |
| October | 9.7477 | 9.6066 | 9.6676 |
| November | 9.8070 | 9.4216 | 9.6317 |
| December | 9.7753 | 9.6171 | 9.6910 |