2023 CVE to IRR Historical Review

YEARLY HIGH

431.3623 IRR

YEARLY LOW

399.2239 IRR

YEARLY AVERAGE

413.6297 IRR

2023 CVE to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 431.3623. Conversely, the yearly low was recorded on January 8, dropping to 399.2239.

This high-to-low spread represents a total annual volatility of 32.1384 IRR. From a start-to-finish perspective, comparing the January average rate of 409.2318 to the December average rate of 417.4570, the exchange rate registered a net change of 2.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 431.3623 was down 1.58% compared to the 2022 peak of 438.2881, 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 2,156,812 IRR

2022 Average 2,014,830 IRR

Yearly Trough Low 1,996,120 IRR

Transaction Impact: A difference of 160,692.08 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

425.0930

402.5062

JanuMarcMayJulySeptNove

CVE to IRR 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 412.9739, compared to 414.2856 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3117 points.

H1 Avg (Jan–Jun) 412.9739

H2 Avg (Jul–Dec) 414.2856

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 17.7325 IRR (High: 420.2099 / Low: 402.4774). On the other end, October was the most stable month, with a tight range of 6.8821 IRR (High: 407.4640 / Low: 400.5819).

November Spread (Volatile) ±17.7325

October Spread (Stable) ±6.8821

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 9.0169 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -9.0169

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 423.2108) against the same month in 2022 (average: 393.7971), the exchange rate shifted by +29.4137 (+7.47%).

2023 Avg (July) 423.2108

2022 Avg (July) 393.7971

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	416.1856	399.2239	409.2318
February	418.2973	403.3381	409.6448
March	416.5471	403.8124	409.1040
April	425.5081	415.7646	419.6656
May	422.1349	409.4869	415.8528
June	419.3480	403.1489	414.3441
July	431.3623	415.7856	423.2108
August	423.1250	413.6871	418.1666
September	415.5781	403.2941	409.1496
October	407.4640	400.5819	404.3885
November	420.2099	402.4774	413.3412
December	422.7884	408.8271	417.4570