2023 CVE to GYD Historical Review

YEARLY HIGH

2.1453 GYD

YEARLY LOW

1.9817 GYD

YEARLY AVERAGE

2.0588 GYD

2023 CVE to GYD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to GYD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 2.1453. Conversely, the yearly low was recorded on October 6, dropping to 1.9817.

This high-to-low spread represents a total annual volatility of 0.1636 GYD. From a start-to-finish perspective, comparing the January average rate of 2.0463 to the December average rate of 2.0709, the exchange rate registered a net change of 1.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1453 was down 1.09% compared to the 2022 peak of 2.1689, 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 10,727 GYD

2022 Average 9,974 GYD

Yearly Trough Low 9,909 GYD

Transaction Impact: A difference of 817.80 GYD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1121

1.9920

JanuMarcMayJulySeptNove

CVE to GYD 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 2.0649, compared to 2.0527 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0122 points.

H1 Avg (Jan–Jun) 2.0649

H2 Avg (Jul–Dec) 2.0527

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0881 GYD (High: 2.0803 / Low: 1.9921). On the other end, October was the most stable month, with a tight range of 0.0355 GYD (High: 2.0172 / Low: 1.9817).

November Spread (Volatile) ±0.0881

October Spread (Stable) ±0.0355

Growth Streaks & Declines

Trends

Between 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 0.0445 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0445

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2.1021) against the same month in 2022 (average: 1.9452), the exchange rate shifted by +0.1568 (+8.06%).

2023 Avg (July) 2.1021

2022 Avg (July) 1.9452

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0827	1.9975	2.0463
February	2.0914	2.0207	2.0476
March	2.0815	2.0163	2.0443
April	2.1213	2.0776	2.0991
May	2.1118	2.0472	2.0796
June	2.0993	2.0191	2.0727
July	2.1453	2.0754	2.1021
August	2.0928	2.0497	2.0702
September	2.0581	1.9974	2.0257
October	2.0172	1.9817	2.0020
November	2.0803	1.9921	2.0455
December	2.1058	2.0249	2.0709