2023 CVE to CNY Historical Review

YEARLY HIGH

0.0735 CNY

YEARLY LOW

0.0652 CNY

YEARLY AVERAGE

0.0693 CNY

2023 CVE to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 0.0735. Conversely, the yearly low was recorded on January 8, dropping to 0.0652.

This high-to-low spread represents a total annual volatility of 0.0083 CNY. From a start-to-finish perspective, comparing the January average rate of 0.0663 to the December average rate of 0.0704, the exchange rate registered a net change of 6.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0735 was up 7.89% compared to the 2022 peak of 0.0681, 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 367 CNY

2022 Average 320 CNY

Yearly Trough Low 326 CNY

Transaction Impact: A difference of 41.28 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0726

0.0657

JanuMarcMayJulySeptNove

CVE to CNY 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 0.0678, compared to 0.0708 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0030 points.

H1 Avg (Jan–Jun) 0.0678

H2 Avg (Jul–Dec) 0.0708

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0033 CNY (High: 0.0717 / Low: 0.0684). On the other end, May was the most stable month, with a tight range of 0.0007 CNY (High: 0.0690 / Low: 0.0683).

June Spread (Volatile) ±0.0033

May Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0010 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0720) against the same month in 2022 (average: 0.0626), the exchange rate shifted by +0.0094 (+14.98%).

2023 Avg (July) 0.0720

2022 Avg (July) 0.0626

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0669	0.0652	0.0663
February	0.0672	0.0658	0.0664
March	0.0678	0.0662	0.0669
April	0.0692	0.0676	0.0684
May	0.0690	0.0683	0.0687
June	0.0717	0.0684	0.0701
July	0.0735	0.0710	0.0720
August	0.0722	0.0704	0.0716
September	0.0714	0.0697	0.0706
October	0.0705	0.0682	0.0696
November	0.0714	0.0696	0.0705
December	0.0716	0.0685	0.0704