2023 CVE to TOP Historical Review

YEARLY HIGH

0.0239 TOP

YEARLY LOW

0.0223 TOP

YEARLY AVERAGE

0.0231 TOP

2023 CVE to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 0.0239. Conversely, the yearly low was recorded on January 5, dropping to 0.0223.

This high-to-low spread represents a total annual volatility of 0.0016 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0227 to the December average rate of 0.0232, the exchange rate registered a net change of 2.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0239 was up 1.19% compared to the 2022 peak of 0.0236, 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 120 TOP

2022 Average 111 TOP

Yearly Trough Low 112 TOP

Transaction Impact: A difference of 7.79 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0236

0.0226

JanuMarcMayJulySeptNove

CVE to TOP 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 0.0230, compared to 0.0233 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0230

H2 Avg (Jul–Dec) 0.0233

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0009 TOP (High: 0.0234 / Low: 0.0225). On the other end, August was the most stable month, with a tight range of 0.0003 TOP (High: 0.0237 / Low: 0.0234).

June Spread (Volatile) ±0.0009

August Spread (Stable) ±0.0003

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 0.0004 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0235) against the same month in 2022 (average: 0.0219), the exchange rate shifted by +0.0017 (+7.60%).

2023 Avg (July) 0.0235

2022 Avg (July) 0.0219

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0229	0.0223	0.0227
February	0.0229	0.0225	0.0227
March	0.0232	0.0226	0.0229
April	0.0237	0.0231	0.0234
May	0.0235	0.0229	0.0232
June	0.0234	0.0225	0.0231
July	0.0239	0.0232	0.0235
August	0.0237	0.0234	0.0235
September	0.0234	0.0228	0.0232
October	0.0232	0.0227	0.0229
November	0.0236	0.0229	0.0233
December	0.0234	0.0228	0.0232