2023 CVE to PEN Historical Review

YEARLY HIGH

0.0385 PEN

YEARLY LOW

0.0347 PEN

YEARLY AVERAGE

0.0366 PEN

2023 CVE to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 0.0385. Conversely, the yearly low was recorded on June 13, dropping to 0.0347.

This high-to-low spread represents a total annual volatility of 0.0038 PEN. From a start-to-finish perspective, comparing the January average rate of 0.0373 to the December average rate of 0.0369, the exchange rate registered a net change of -1.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0385 was down 6.23% compared to the 2022 peak of 0.0410, 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 192 PEN

2022 Average 183 PEN

Yearly Trough Low 174 PEN

Transaction Impact: A difference of 18.81 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0375

0.0356

JanuMarcMayJulySeptNove

CVE to PEN 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 0.0367, compared to 0.0365 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0367

H2 Avg (Jul–Dec) 0.0365

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0022 PEN (High: 0.0385 / Low: 0.0363). On the other end, September was the most stable month, with a tight range of 0.0006 PEN (High: 0.0365 / Low: 0.0358).

January Spread (Volatile) ±0.0022

September Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between September and December, 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 April and May, when the average rate fell by 0.0011 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0373) against the same month in 2022 (average: 0.0399), the exchange rate shifted by -0.0025 (-6.38%).

2023 Avg (January) 0.0373

2022 Avg (January) 0.0399

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0385	0.0363	0.0373
February	0.0379	0.0365	0.0372
March	0.0372	0.0362	0.0366
April	0.0379	0.0367	0.0373
May	0.0371	0.0355	0.0362
June	0.0361	0.0347	0.0357
July	0.0364	0.0355	0.0360
August	0.0370	0.0358	0.0365
September	0.0365	0.0358	0.0361
October	0.0374	0.0360	0.0367
November	0.0381	0.0359	0.0369
December	0.0375	0.0365	0.0369