2024 CVE to SAR Historical Review

YEARLY HIGH

0.0381 SAR

YEARLY LOW

0.0354 SAR

YEARLY AVERAGE

0.0368 SAR

2024 CVE to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.0381. Conversely, the yearly low was recorded on December 20, dropping to 0.0354.

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 0.0371 to the December average rate of 0.0357, the exchange rate registered a net change of -3.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0381 was down 0.57% compared to the 2023 peak of 0.0383, 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 190 SAR

2023 Average 184 SAR

Yearly Trough Low 177 SAR

Transaction Impact: A difference of 13.53 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0380

0.0355

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 0.0001 points.

H1 Avg (Jan–Jun) 0.0367

H2 Avg (Jul–Dec) 0.0368

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0017 SAR (High: 0.0371 / Low: 0.0354). On the other end, February was the most stable month, with a tight range of 0.0005 SAR (High: 0.0369 / Low: 0.0364).

November Spread (Volatile) ±0.0017

February Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between June and September, 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 0.0009 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.0374) against the same month in 2023 (average: 0.0371), the exchange rate shifted by +0.0003 (+0.82%).

2024 Avg (August) 0.0374

2023 Avg (August) 0.0371

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0376	0.0368	0.0371
February	0.0369	0.0364	0.0367
March	0.0372	0.0366	0.0369
April	0.0369	0.0361	0.0365
May	0.0371	0.0362	0.0367
June	0.0370	0.0363	0.0366
July	0.0372	0.0364	0.0369
August	0.0381	0.0366	0.0374
September	0.0380	0.0375	0.0378
October	0.0377	0.0367	0.0371
November	0.0371	0.0354	0.0362
December	0.0361	0.0354	0.0357