2024 CVE to CNY Historical Review

YEARLY HIGH

0.0723 CNY

YEARLY LOW

0.0684 CNY

YEARLY AVERAGE

0.0704 CNY

2024 CVE to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.0723. Conversely, the yearly low was recorded on November 24, dropping to 0.0684.

This high-to-low spread represents a total annual volatility of 0.0039 CNY. From a start-to-finish perspective, comparing the January average rate of 0.0703 to the December average rate of 0.0692, the exchange rate registered a net change of -1.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0723 was down 1.58% compared to the 2023 peak of 0.0735, 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 362 CNY

2023 Average 347 CNY

Yearly Trough Low 342 CNY

Transaction Impact: A difference of 19.73 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0716

0.0690

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 0.0703, compared to 0.0704 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0703

H2 Avg (Jul–Dec) 0.0704

Volatility Range Comparison

Volatility

The most volatile month in 2024 was April, with a trading range of 0.0026 CNY (High: 0.0712 / Low: 0.0686). On the other end, September was the most stable month, with a tight range of 0.0008 CNY (High: 0.0715 / Low: 0.0706).

April Spread (Volatile) ±0.0026

September Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between May and July, 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 0.0012 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.0712) against the same month in 2023 (average: 0.0716), the exchange rate shifted by -0.0004 (-0.51%).

2024 Avg (August) 0.0712

2023 Avg (August) 0.0716

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0712	0.0697	0.0703
February	0.0708	0.0691	0.0700
March	0.0714	0.0703	0.0709
April	0.0712	0.0686	0.0704
May	0.0714	0.0689	0.0702
June	0.0713	0.0690	0.0704
July	0.0720	0.0705	0.0714
August	0.0723	0.0698	0.0712
September	0.0715	0.0706	0.0712
October	0.0707	0.0696	0.0700
November	0.0708	0.0684	0.0695
December	0.0698	0.0687	0.0692