2023 CVE to BRL Historical Review

YEARLY HIGH

0.0530 BRL

YEARLY LOW

0.0464 BRL

YEARLY AVERAGE

0.0489 BRL

2023 CVE to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0530. Conversely, the yearly low was recorded on June 13, dropping to 0.0464.

This high-to-low spread represents a total annual volatility of 0.0066 BRL. From a start-to-finish perspective, comparing the January average rate of 0.0506 to the December average rate of 0.0484, the exchange rate registered a net change of -4.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0530 was down 9.28% compared to the 2022 peak of 0.0585, 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 265 BRL

2022 Average 246 BRL

Yearly Trough Low 232 BRL

Transaction Impact: A difference of 33.23 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0509

0.0472

JanuMarcMayJulySeptNove

CVE to BRL 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 0.0496, compared to 0.0482 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0496

H2 Avg (Jul–Dec) 0.0482

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0032 BRL (High: 0.0530 / Low: 0.0498). On the other end, December was the most stable month, with a tight range of 0.0013 BRL (High: 0.0489 / Low: 0.0476).

January Spread (Volatile) ±0.0032

December Spread (Stable) ±0.0013

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 May and June, when the average rate fell by 0.0014 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0506) against the same month in 2022 (average: 0.0565), the exchange rate shifted by -0.0059 (-10.47%).

2023 Avg (January) 0.0506

2022 Avg (January) 0.0565

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0530	0.0498	0.0506
February	0.0516	0.0494	0.0503
March	0.0523	0.0492	0.0506
April	0.0505	0.0488	0.0498
May	0.0501	0.0481	0.0490
June	0.0487	0.0464	0.0476
July	0.0491	0.0472	0.0481
August	0.0493	0.0476	0.0485
September	0.0487	0.0470	0.0479
October	0.0495	0.0477	0.0485
November	0.0488	0.0467	0.0479
December	0.0489	0.0476	0.0484