2023 CVE to JPY Historical Review

YEARLY HIGH

1.4861 JPY

YEARLY LOW

1.2500 JPY

YEARLY AVERAGE

1.3762 JPY

2023 CVE to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 15, valuing the pair at 1.4861. Conversely, the yearly low was recorded on January 13, dropping to 1.2500.

This high-to-low spread represents a total annual volatility of 0.2362 JPY. From a start-to-finish perspective, comparing the January average rate of 1.2702 to the December average rate of 1.4201, the exchange rate registered a net change of 11.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.4861 was up 9.52% compared to the 2022 peak of 1.3570, 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 7,431 JPY

2022 Average 6,244 JPY

Yearly Trough Low 6,250 JPY

Transaction Impact: A difference of 1,180.91 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.4848

1.2507

JanuMarcMayJulySeptNove

CVE to JPY 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 1.3201, compared to 1.4324 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1123 points.

H1 Avg (Jan–Jun) 1.3201

H2 Avg (Jul–Dec) 1.4324

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0929 JPY (High: 1.4302 / Low: 1.3373). On the other end, September was the most stable month, with a tight range of 0.0144 JPY (High: 1.4391 / Low: 1.4247).

June Spread (Volatile) ±0.0929

September Spread (Stable) ±0.0144

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0452 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0452

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 1.4653) against the same month in 2022 (average: 1.3057), the exchange rate shifted by +0.1596 (+12.22%).

2023 Avg (November) 1.4653

2022 Avg (November) 1.3057

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2860	1.2500	1.2702
February	1.3103	1.2686	1.2923
March	1.3271	1.2723	1.2961
April	1.3583	1.2955	1.3264
May	1.3702	1.3307	1.3499
June	1.4302	1.3373	1.3854
July	1.4315	1.3747	1.4141
August	1.4487	1.4066	1.4321
September	1.4391	1.4247	1.4312
October	1.4448	1.4148	1.4315
November	1.4861	1.4233	1.4653
December	1.4523	1.3762	1.4201