2024 CVE to RUB Historical Review

YEARLY HIGH

1.0761 RUB

YEARLY LOW

0.8127 RUB

YEARLY AVERAGE

0.9098 RUB

2024 CVE to RUB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to RUB exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 1.0761. Conversely, the yearly low was recorded on June 19, dropping to 0.8127.

This high-to-low spread represents a total annual volatility of 0.2634 RUB. From a start-to-finish perspective, comparing the January average rate of 0.8834 to the December average rate of 0.9863, the exchange rate registered a net change of 11.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.0761 was up 7.94% compared to the 2023 peak of 0.9970, 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 5,381 RUB

2023 Average 4,189 RUB

Yearly Trough Low 4,064 RUB

Transaction Impact: A difference of 1,316.99 RUB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9990

0.8460

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 0.8905, compared to 0.9291 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0386 points.

H1 Avg (Jan–Jun) 0.8905

H2 Avg (Jul–Dec) 0.9291

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.1479 RUB (High: 1.0761 / Low: 0.9282). On the other end, March was the most stable month, with a tight range of 0.0188 RUB (High: 0.9139 / Low: 0.8951).

November Spread (Volatile) ±0.1479

March Spread (Stable) ±0.0188

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0324 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0324

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.9727) against the same month in 2023 (average: 0.8859), the exchange rate shifted by +0.0868 (+9.80%).

2024 Avg (November) 0.9727

2023 Avg (November) 0.8859

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9119	0.8679	0.8834
February	0.9315	0.8803	0.8980
March	0.9139	0.8951	0.9045
April	0.9184	0.8904	0.9053
May	0.9068	0.8722	0.8920
June	0.8903	0.8127	0.8596
July	0.8772	0.8362	0.8588
August	0.9301	0.8330	0.8874
September	0.9524	0.8781	0.9188
October	0.9646	0.9342	0.9504
November	1.0761	0.9282	0.9727
December	1.0738	0.9420	0.9863