2024 CVE to INR Historical Review

YEARLY HIGH

0.8508 INR

YEARLY LOW

0.7972 INR

YEARLY AVERAGE

0.8204 INR

2024 CVE to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.8508. Conversely, the yearly low was recorded on November 24, dropping to 0.7972.

This high-to-low spread represents a total annual volatility of 0.0537 INR. From a start-to-finish perspective, comparing the January average rate of 0.8217 to the December average rate of 0.8078, the exchange rate registered a net change of -1.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8508 was up 1.56% compared to the 2023 peak of 0.8377, 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 4,254 INR

2023 Average 4,045 INR

Yearly Trough Low 3,986 INR

Transaction Impact: A difference of 268.25 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8467

0.8042

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 0.8155, compared to 0.8254 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0099 points.

H1 Avg (Jan–Jun) 0.8155

H2 Avg (Jul–Dec) 0.8254

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0341 INR (High: 0.8313 / Low: 0.7972). On the other end, February was the most stable month, with a tight range of 0.0098 INR (High: 0.8155 / Low: 0.8057).

November Spread (Volatile) ±0.0341

February Spread (Stable) ±0.0098

Growth Streaks & Declines

Trends

Between June and September, 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 October and November, when the average rate fell by 0.0166 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0166

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.8362) against the same month in 2023 (average: 0.8193), the exchange rate shifted by +0.0169 (+2.06%).

2024 Avg (August) 0.8362

2023 Avg (August) 0.8193

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8335	0.8158	0.8217
February	0.8155	0.8057	0.8113
March	0.8237	0.8102	0.8179
April	0.8210	0.8026	0.8121
May	0.8231	0.8046	0.8160
June	0.8240	0.8078	0.8140
July	0.8297	0.8097	0.8221
August	0.8508	0.8168	0.8362
September	0.8486	0.8386	0.8432
October	0.8431	0.8213	0.8297
November	0.8313	0.7972	0.8132
December	0.8134	0.7996	0.8078