2023 CVE to AZN Historical Review

YEARLY HIGH

0.0174 AZN

YEARLY LOW

0.0161 AZN

YEARLY AVERAGE

0.0167 AZN

2023 CVE to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 0.0174. Conversely, the yearly low was recorded on October 3, dropping to 0.0161.

This high-to-low spread represents a total annual volatility of 0.0012 AZN. From a start-to-finish perspective, comparing the January average rate of 0.0166 to the December average rate of 0.0168, the exchange rate registered a net change of 1.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0174 was down 1.52% compared to the 2022 peak of 0.0176, 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 87 AZN

2022 Average 81 AZN

Yearly Trough Low 81 AZN

Transaction Impact: A difference of 6.14 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0171

0.0162

JanuMarcMayJulySeptNove

CVE to AZN 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 0.0166, compared to 0.0167 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0166

H2 Avg (Jul–Dec) 0.0167

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0007 AZN (High: 0.0169 / Low: 0.0162). On the other end, October was the most stable month, with a tight range of 0.0003 AZN (High: 0.0164 / Low: 0.0161).

November Spread (Volatile) ±0.0007

October Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between February and April, 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 0.0004 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0170) against the same month in 2022 (average: 0.0158), the exchange rate shifted by +0.0012 (+7.74%).

2023 Avg (July) 0.0170

2022 Avg (July) 0.0158

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0168	0.0162	0.0166
February	0.0169	0.0163	0.0165
March	0.0168	0.0162	0.0165
April	0.0171	0.0167	0.0169
May	0.0170	0.0165	0.0167
June	0.0169	0.0162	0.0167
July	0.0174	0.0167	0.0170
August	0.0170	0.0166	0.0168
September	0.0167	0.0162	0.0165
October	0.0164	0.0161	0.0163
November	0.0169	0.0162	0.0166
December	0.0171	0.0164	0.0168