2023 CVE to SAR Historical Review

YEARLY HIGH

0.0383 SAR

YEARLY LOW

0.0356 SAR

YEARLY AVERAGE

0.0368 SAR

2023 CVE to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 0.0383. Conversely, the yearly low was recorded on October 3, dropping to 0.0356.

This high-to-low spread represents a total annual volatility of 0.0027 SAR. From a start-to-finish perspective, comparing the January average rate of 0.0367 to the December average rate of 0.0371, the exchange rate registered a net change of 1.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0383 was down 1.56% compared to the 2022 peak of 0.0389, 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 191 SAR

2022 Average 179 SAR

Yearly Trough Low 178 SAR

Transaction Impact: A difference of 13.57 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0377

0.0357

JanuMarcMayJulySeptNove

CVE to SAR 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 0.0368 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0367

H2 Avg (Jul–Dec) 0.0368

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0016 SAR (High: 0.0373 / Low: 0.0357). On the other end, October was the most stable month, with a tight range of 0.0006 SAR (High: 0.0362 / Low: 0.0356).

November Spread (Volatile) ±0.0016

October Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between February and April, 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 0.0008 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0376) against the same month in 2022 (average: 0.0349), the exchange rate shifted by +0.0027 (+7.61%).

2023 Avg (July) 0.0376

2022 Avg (July) 0.0349

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0370	0.0358	0.0367
February	0.0372	0.0359	0.0364
March	0.0371	0.0359	0.0364
April	0.0378	0.0369	0.0373
May	0.0375	0.0363	0.0369
June	0.0372	0.0358	0.0368
July	0.0383	0.0369	0.0376
August	0.0375	0.0367	0.0371
September	0.0369	0.0358	0.0363
October	0.0362	0.0356	0.0359
November	0.0373	0.0357	0.0367
December	0.0377	0.0363	0.0371