2023 CVE to PYG Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CVE to PYG Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CVE to PYG exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 74.1624. Conversely, the yearly low was recorded on March 8, dropping to 68.6297.
This high-to-low spread represents a total annual volatility of 5.5326 PYG. From a start-to-finish perspective, comparing the January average rate of 71.9844 to the December average rate of 72.7400, the exchange rate registered a net change of 1.05% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 74.1624 was up 2.65% compared to the 2022 peak of 72.2479, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CVE based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
CVE to PYG Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 70.9292, compared to 71.8617 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9325 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 3.4423 PYG (High: 73.2685 / Low: 69.8262). On the other end, August was the most stable month, with a tight range of 1.5995 PYG (High: 72.8894 / Low: 71.2899).
Growth Streaks & Declines
TrendsBetween May and July, 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 1.4772 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 72.7594) against the same month in 2022 (average: 63.8295), the exchange rate shifted by +8.9298 (+13.99%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 73.2685 | 69.8262 | 71.9844 |
| February | 72.4521 | 69.7920 | 70.8482 |
| March | 70.8820 | 68.6297 | 69.7448 |
| April | 72.6557 | 70.3566 | 71.0929 |
| May | 71.8667 | 69.8076 | 70.8431 |
| June | 72.1266 | 69.1590 | 71.0620 |
| July | 74.1624 | 71.1832 | 72.7594 |
| August | 72.8894 | 71.2899 | 71.9257 |
| September | 71.5914 | 69.5953 | 70.4485 |
| October | 71.8367 | 69.1374 | 70.5524 |
| November | 73.9381 | 71.1601 | 72.7442 |
| December | 73.6783 | 70.8843 | 72.7400 |