2023 CVE to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 CVE to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the CVE to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 25.6447. Conversely, the yearly low was recorded on October 3, dropping to 23.8289.
This high-to-low spread represents a total annual volatility of 1.8158 SYP. From a start-to-finish perspective, comparing the January average rate of 24.5184 to the December average rate of 24.8373, the exchange rate registered a net change of 1.30% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 25.6447 was down 1.50% compared to the 2022 peak of 26.0356, 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 SYP 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 24.5954, compared to 24.6357 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0404 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 1.0489 SYP (High: 24.9891 / Low: 23.9403). On the other end, October was the most stable month, with a tight range of 0.3951 SYP (High: 24.2240 / Low: 23.8289).
Growth Streaks & Declines
TrendsBetween 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 0.5202 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 25.1713) against the same month in 2022 (average: 23.3658), the exchange rate shifted by +1.8054 (+7.73%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.7791 | 23.9619 | 24.5184 |
| February | 24.9048 | 24.0622 | 24.3791 |
| March | 24.8124 | 24.0140 | 24.3792 |
| April | 25.3042 | 24.7248 | 24.9518 |
| May | 25.0887 | 24.3227 | 24.7174 |
| June | 24.9305 | 23.9745 | 24.6262 |
| July | 25.6447 | 24.7114 | 25.1713 |
| August | 25.1285 | 24.6012 | 24.8503 |
| September | 24.7137 | 23.9832 | 24.3300 |
| October | 24.2240 | 23.8289 | 24.0482 |
| November | 24.9891 | 23.9403 | 24.5772 |
| December | 25.2374 | 24.3050 | 24.8373 |