2023 CVE to IDR Historical Review

YEARLY HIGH

154.8679 IDR

YEARLY LOW

141.9381 IDR

YEARLY AVERAGE

149.2934 IDR

2023 CVE to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 154.8679. Conversely, the yearly low was recorded on June 13, dropping to 141.9381.

This high-to-low spread represents a total annual volatility of 12.9298 IDR. From a start-to-finish perspective, comparing the January average rate of 148.7233 to the December average rate of 153.0505, the exchange rate registered a net change of 2.91% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 154.8679 was up 1.85% compared to the 2022 peak of 152.0484, 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 774,339 IDR

2022 Average 707,186 IDR

Yearly Trough Low 709,691 IDR

Transaction Impact: A difference of 64,648.88 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

153.7514

145.3408

JanuMarcMayJulySeptNove

CVE to IDR 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 147.4202, compared to 151.1666 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.7463 points.

H1 Avg (Jan–Jun) 147.4202

H2 Avg (Jul–Dec) 151.1666

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 7.2664 IDR (High: 149.2046 / Low: 141.9381). On the other end, May was the most stable month, with a tight range of 2.0480 IDR (High: 147.2666 / Low: 145.2185).

June Spread (Volatile) ±7.2664

May Spread (Stable) ±2.0480

Growth Streaks & Declines

Trends

Between May and August, 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 2.1094 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.1094

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 152.3669) against the same month in 2022 (average: 144.1350), the exchange rate shifted by +8.2319 (+5.71%).

2023 Avg (November) 152.3669

2022 Avg (November) 144.1350

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	150.9613	146.7912	148.7233
February	149.6265	145.7222	147.1451
March	150.3169	146.4789	148.4215
April	149.8212	146.0418	147.6866
May	147.2666	145.2185	146.0417
June	149.2046	141.9381	146.5033
July	153.0576	148.3630	150.8642
August	152.7769	149.0176	150.9907
September	150.0777	147.7730	148.8813
October	153.2001	148.2223	150.8458
November	154.8679	148.5384	152.3669
December	154.8260	149.7030	153.0505