2023 CVE to FJD Historical Review

YEARLY HIGH

0.0227 FJD

YEARLY LOW

0.0209 FJD

YEARLY AVERAGE

0.0218 FJD

2023 CVE to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 0.0227. Conversely, the yearly low was recorded on January 8, dropping to 0.0209.

This high-to-low spread represents a total annual volatility of 0.0018 FJD. From a start-to-finish perspective, comparing the January average rate of 0.0213 to the December average rate of 0.0219, the exchange rate registered a net change of 3.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0227 was up 2.37% compared to the 2022 peak of 0.0221, 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 113 FJD

2022 Average 104 FJD

Yearly Trough Low 104 FJD

Transaction Impact: A difference of 8.99 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0224

0.0211

JanuMarcMayJulySeptNove

CVE to FJD 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 0.0216, compared to 0.0221 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0216

H2 Avg (Jul–Dec) 0.0221

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0012 FJD (High: 0.0224 / Low: 0.0211). On the other end, October was the most stable month, with a tight range of 0.0005 FJD (High: 0.0220 / Low: 0.0216).

June Spread (Volatile) ±0.0012

October Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0003 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0221) against the same month in 2022 (average: 0.0207), the exchange rate shifted by +0.0014 (+6.94%).

2023 Avg (November) 0.0221

2022 Avg (November) 0.0207

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0215	0.0209	0.0213
February	0.0215	0.0211	0.0213
March	0.0218	0.0212	0.0215
April	0.0224	0.0216	0.0220
May	0.0223	0.0216	0.0219
June	0.0224	0.0211	0.0218
July	0.0226	0.0218	0.0222
August	0.0226	0.0220	0.0223
September	0.0222	0.0217	0.0220
October	0.0220	0.0216	0.0218
November	0.0227	0.0215	0.0221
December	0.0220	0.0214	0.0219