2023 CVE to TWD Historical Review

YEARLY HIGH

0.3181 TWD

YEARLY LOW

0.2912 TWD

YEARLY AVERAGE

0.3051 TWD

2023 CVE to TWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to TWD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 11, valuing the pair at 0.3181. Conversely, the yearly low was recorded on February 7, dropping to 0.2912.

This high-to-low spread represents a total annual volatility of 0.0269 TWD. From a start-to-finish perspective, comparing the January average rate of 0.2966 to the December average rate of 0.3085, the exchange rate registered a net change of 4.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3181 was up 7.14% compared to the 2022 peak of 0.2969, 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 1,591 TWD

2022 Average 1,417 TWD

Yearly Trough Low 1,456 TWD

Transaction Impact: A difference of 134.44 TWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3168

0.2916

JanuMarcMayJulySeptNove

CVE to TWD 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 0.2990, compared to 0.3111 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0121 points.

H1 Avg (Jan–Jun) 0.2990

H2 Avg (Jul–Dec) 0.3111

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0150 TWD (High: 0.3075 / Low: 0.2925). On the other end, October was the most stable month, with a tight range of 0.0059 TWD (High: 0.3116 / Low: 0.3057).

June Spread (Volatile) ±0.0150

October Spread (Stable) ±0.0059

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 0.0046 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0046

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.3147) against the same month in 2022 (average: 0.2754), the exchange rate shifted by +0.0393 (+14.27%).

2023 Avg (August) 0.3147

2022 Avg (August) 0.2754

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2984	0.2917	0.2966
February	0.2972	0.2912	0.2937
March	0.3007	0.2925	0.2964
April	0.3074	0.2997	0.3035
May	0.3062	0.2970	0.3020
June	0.3075	0.2925	0.3020
July	0.3165	0.3071	0.3124
August	0.3181	0.3116	0.3147
September	0.3136	0.3062	0.3101
October	0.3116	0.3057	0.3090
November	0.3145	0.3059	0.3119
December	0.3108	0.3018	0.3085