2023 CVE to INR Historical Review

YEARLY HIGH

0.8377 INR

YEARLY LOW

0.7834 INR

YEARLY AVERAGE

0.8089 INR

2023 CVE to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 0.8377. Conversely, the yearly low was recorded on March 8, dropping to 0.7834.

This high-to-low spread represents a total annual volatility of 0.0543 INR. From a start-to-finish perspective, comparing the January average rate of 0.7975 to the December average rate of 0.8229, the exchange rate registered a net change of 3.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8377 was up 4.81% compared to the 2022 peak of 0.7993, 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 4,189 INR

2022 Average 3,742 INR

Yearly Trough Low 3,917 INR

Transaction Impact: A difference of 271.70 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8261

0.7939

JanuMarcMayJulySeptNove

CVE to INR 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 0.8044, compared to 0.8135 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0091 points.

H1 Avg (Jan–Jun) 0.8044

H2 Avg (Jul–Dec) 0.8135

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0364 INR (High: 0.8288 / Low: 0.7924). On the other end, October was the most stable month, with a tight range of 0.0125 INR (High: 0.8018 / Low: 0.7893).

November Spread (Volatile) ±0.0364

October Spread (Stable) ±0.0125

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 0.0152 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0152

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.8234) against the same month in 2022 (average: 0.7395), the exchange rate shifted by +0.0839 (+11.35%).

2023 Avg (July) 0.8234

2022 Avg (July) 0.7395

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8040	0.7848	0.7975
February	0.8177	0.7915	0.8018
March	0.8124	0.7834	0.7980
April	0.8242	0.8065	0.8139
May	0.8164	0.7993	0.8098
June	0.8131	0.7852	0.8054
July	0.8377	0.8093	0.8234
August	0.8281	0.8083	0.8193
September	0.8137	0.7942	0.8042
October	0.8018	0.7893	0.7966
November	0.8288	0.7924	0.8145
December	0.8359	0.8058	0.8229