2023 CVE to RUB Historical Review

YEARLY HIGH

0.9970 RUB

YEARLY LOW

0.6485 RUB

YEARLY AVERAGE

0.8371 RUB

2023 CVE to RUB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to RUB exchange rate experienced significant fluctuation. The market reached its absolute peak on August 11, valuing the pair at 0.9970. Conversely, the yearly low was recorded on January 15, dropping to 0.6485.

This high-to-low spread represents a total annual volatility of 0.3485 RUB. From a start-to-finish perspective, comparing the January average rate of 0.6827 to the December average rate of 0.9001, the exchange rate registered a net change of 31.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9970 was down 28.95% compared to the 2022 peak of 1.4032, 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 4,985 RUB

2022 Average 3,352 RUB

Yearly Trough Low 3,243 RUB

Transaction Impact: A difference of 1,742.26 RUB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9744

0.6561

JanuMarcMayJulySeptNove

CVE to RUB 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 0.7562, compared to 0.9179 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1616 points.

H1 Avg (Jan–Jun) 0.7562

H2 Avg (Jul–Dec) 0.9179

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0947 RUB (High: 0.8762 / Low: 0.7815). On the other end, November was the most stable month, with a tight range of 0.0279 RUB (High: 0.9011 / Low: 0.8732).

June Spread (Volatile) ±0.0947

November Spread (Stable) ±0.0279

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 October and November, when the average rate fell by 0.0431 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0431

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.9479) against the same month in 2022 (average: 0.5565), the exchange rate shifted by +0.3914 (+70.34%).

2023 Avg (August) 0.9479

2022 Avg (August) 0.5565

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7135	0.6485	0.6827
February	0.7298	0.6898	0.7133
March	0.7633	0.7229	0.7409
April	0.8215	0.7633	0.8044
May	0.8017	0.7552	0.7787
June	0.8762	0.7815	0.8176
July	0.9312	0.8712	0.9078
August	0.9970	0.9185	0.9479
September	0.9550	0.9201	0.9367
October	0.9712	0.8901	0.9289
November	0.9011	0.8732	0.8859
December	0.9238	0.8660	0.9001