2023 CVE to KRW Historical Review

YEARLY HIGH

13.3913 KRW

YEARLY LOW

11.9600 KRW

YEARLY AVERAGE

12.7948 KRW

2023 CVE to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on April 27, valuing the pair at 13.3913. Conversely, the yearly low was recorded on January 8, dropping to 11.9600.

This high-to-low spread represents a total annual volatility of 1.4312 KRW. From a start-to-finish perspective, comparing the January average rate of 12.1243 to the December average rate of 12.8645, the exchange rate registered a net change of 6.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 13.3913 was up 1.84% compared to the 2022 peak of 13.1492, 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 66,956 KRW

2022 Average 61,421 KRW

Yearly Trough Low 59,800 KRW

Transaction Impact: A difference of 7,156.19 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.2242

12.0244

JanuMarcMayJulySeptNove

CVE to KRW 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 12.6816, compared to 12.9081 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2265 points.

H1 Avg (Jan–Jun) 12.6816

H2 Avg (Jul–Dec) 12.9081

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.9730 KRW (High: 13.0717 / Low: 12.0987). On the other end, September was the most stable month, with a tight range of 0.2006 KRW (High: 12.9894 / Low: 12.7888).

June Spread (Volatile) ±0.9730

September Spread (Stable) ±0.2006

Growth Streaks & Declines

Trends

Between January and April, 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 May and June, when the average rate fell by 0.3662 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3662

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 13.1242) against the same month in 2022 (average: 12.1157), the exchange rate shifted by +1.0085 (+8.32%).

2023 Avg (April) 13.1242

2022 Avg (April) 12.1157

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.3853	11.9600	12.1243
February	12.6960	12.0564	12.4159
March	12.8628	12.4236	12.6630
April	13.3913	12.8628	13.1242
May	13.3526	12.8069	13.0642
June	13.0717	12.0987	12.6980
July	13.0395	12.6711	12.8723
August	13.2828	12.8163	13.0909
September	12.9894	12.7888	12.9162
October	13.0124	12.7912	12.9242
November	13.0407	12.4727	12.7802
December	13.0031	12.4590	12.8645