2023 CVE to THB Historical Review

YEARLY HIGH

0.3549 THB

YEARLY LOW

0.3204 THB

YEARLY AVERAGE

0.3406 THB

2023 CVE to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 7, valuing the pair at 0.3549. Conversely, the yearly low was recorded on January 13, dropping to 0.3204.

This high-to-low spread represents a total annual volatility of 0.0345 THB. From a start-to-finish perspective, comparing the January average rate of 0.3240 to the December average rate of 0.3450, the exchange rate registered a net change of 6.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3549 was up 1.43% compared to the 2022 peak of 0.3499, 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 1,775 THB

2022 Average 1,667 THB

Yearly Trough Low 1,602 THB

Transaction Impact: A difference of 172.51 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3517

0.3215

JanuMarcMayJulySeptNove

CVE to THB 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 0.3343, compared to 0.3468 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0125 points.

H1 Avg (Jan–Jun) 0.3343

H2 Avg (Jul–Dec) 0.3468

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0214 THB (High: 0.3522 / Low: 0.3308). On the other end, May was the most stable month, with a tight range of 0.0076 THB (High: 0.3399 / Low: 0.3323).

June Spread (Volatile) ±0.0214

May Spread (Stable) ±0.0076

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 April and May, when the average rate fell by 0.0032 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.3492) against the same month in 2022 (average: 0.3364), the exchange rate shifted by +0.0129 (+3.82%).

2023 Avg (October) 0.3492

2022 Avg (October) 0.3364

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3350	0.3204	0.3240
February	0.3384	0.3229	0.3306
March	0.3391	0.3274	0.3339
April	0.3451	0.3337	0.3394
May	0.3399	0.3323	0.3362
June	0.3522	0.3308	0.3417
July	0.3530	0.3408	0.3468
August	0.3513	0.3408	0.3466
September	0.3517	0.3436	0.3467
October	0.3549	0.3446	0.3492
November	0.3512	0.3378	0.3465
December	0.3495	0.3376	0.3450