2023 CVE to ETB Historical Review

YEARLY HIGH

0.5657 ETB

YEARLY LOW

0.5117 ETB

YEARLY AVERAGE

0.5363 ETB

2023 CVE to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.5657. Conversely, the yearly low was recorded on January 5, dropping to 0.5117.

This high-to-low spread represents a total annual volatility of 0.0540 ETB. From a start-to-finish perspective, comparing the January average rate of 0.5234 to the December average rate of 0.5552, the exchange rate registered a net change of 6.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5657 was up 8.13% compared to the 2022 peak of 0.5232, 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 2,829 ETB

2022 Average 2,474 ETB

Yearly Trough Low 2,558 ETB

Transaction Impact: A difference of 270.24 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5586

0.5177

JanuMarcMayJulySeptNove

CVE to ETB 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 0.5290, compared to 0.5436 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0146 points.

H1 Avg (Jan–Jun) 0.5290

H2 Avg (Jul–Dec) 0.5436

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0268 ETB (High: 0.5561 / Low: 0.5293). On the other end, October was the most stable month, with a tight range of 0.0102 ETB (High: 0.5370 / Low: 0.5268).

November Spread (Volatile) ±0.0268

October Spread (Stable) ±0.0102

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 0.0101 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0101

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.5552) against the same month in 2022 (average: 0.5131), the exchange rate shifted by +0.0421 (+8.21%).

2023 Avg (December) 0.5552

2022 Avg (December) 0.5131

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5294	0.5117	0.5234
February	0.5321	0.5148	0.5211
March	0.5315	0.5142	0.5216
April	0.5463	0.5307	0.5380
May	0.5433	0.5257	0.5349
June	0.5426	0.5191	0.5350
July	0.5607	0.5370	0.5493
August	0.5515	0.5392	0.5448
September	0.5435	0.5276	0.5347
October	0.5370	0.5268	0.5323
November	0.5561	0.5293	0.5453
December	0.5657	0.5425	0.5552