2023 CVE to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CVE to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CVE to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 87.9957. Conversely, the yearly low was recorded on October 6, dropping to 81.3313.
This high-to-low spread represents a total annual volatility of 6.6644 GNF. From a start-to-finish perspective, comparing the January average rate of 84.5691 to the December average rate of 85.0344, the exchange rate registered a net change of 0.55% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 87.9957 was down 7.99% compared to the 2022 peak of 95.6410, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CVE based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
CVE to GNF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 84.5081, compared to 84.3650 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1431 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 3.4966 GNF (High: 85.7822 / Low: 82.2857). On the other end, April was the most stable month, with a tight range of 1.6141 GNF (High: 86.2066 / Low: 84.5925).
Growth Streaks & Declines
TrendsBetween October and December, 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 1.8458 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 86.2278) against the same month in 2022 (average: 80.7575), the exchange rate shifted by +5.4702 (+6.77%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 86.2745 | 82.8533 | 84.5691 |
| February | 85.6963 | 82.5800 | 83.8845 |
| March | 85.1629 | 82.6857 | 83.8005 |
| April | 86.2066 | 84.5925 | 85.4076 |
| May | 86.2481 | 83.4732 | 84.8461 |
| June | 85.7822 | 82.2857 | 84.5407 |
| July | 87.9957 | 84.6287 | 86.2278 |
| August | 86.4597 | 84.1518 | 85.1681 |
| September | 84.4702 | 82.2269 | 83.3223 |
| October | 83.0841 | 81.3313 | 82.3186 |
| November | 85.5338 | 82.2814 | 84.1189 |
| December | 86.3748 | 83.1709 | 85.0344 |