YEARLY HIGH
0.6104 DOP
YEARLY LOW
0.5592 DOP
YEARLY AVERAGE
0.5828 DOP

2024 CVE to DOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to DOP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 0.6104. Conversely, the yearly low was recorded on May 4, dropping to 0.5592.

This high-to-low spread represents a total annual volatility of 0.0512 DOP. From a start-to-finish perspective, comparing the January average rate of 0.5794 to the December average rate of 0.5767, the exchange rate registered a net change of -0.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6104 was up 4.77% compared to the 2023 peak of 0.5826, 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 3,052 DOP
2023 Average 2,743 DOP
Yearly Trough Low 2,796 DOP
Transaction Impact: A difference of 255.92 DOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6069
0.5692
JanuMarcMayJulySeptNove

CVE to DOP 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 0.5766, compared to 0.5889 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0123 points.

H1 Avg (Jan–Jun) 0.5766
H2 Avg (Jul–Dec) 0.5889

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0291 DOP (High: 0.6039 / Low: 0.5748). On the other end, January was the most stable month, with a tight range of 0.0081 DOP (High: 0.5826 / Low: 0.5745).

August Spread (Volatile) ±0.0291
January Spread (Stable) ±0.0081

Growth Streaks & Declines

Trends

Between May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0139 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0139

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.6038) against the same month in 2023 (average: 0.5496), the exchange rate shifted by +0.0542 (+9.86%).

2024 Avg (September) 0.6038
2023 Avg (September) 0.5496

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.5826 0.5745 0.5794
February 0.5777 0.5675 0.5739
March 0.5868 0.5741 0.5811
April 0.5836 0.5672 0.5752
May 0.5814 0.5592 0.5724
June 0.5862 0.5704 0.5777
July 0.5865 0.5735 0.5816
August 0.6039 0.5748 0.5942
September 0.6104 0.5962 0.6038
October 0.6077 0.5894 0.5956
November 0.5974 0.5692 0.5817
December 0.5816 0.5722 0.5767