2023 CVE to UZS Historical Review

YEARLY HIGH

124.0601 UZS

YEARLY LOW

107.7138 UZS

YEARLY AVERAGE

114.9754 UZS

2023 CVE to UZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to UZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 124.0601. Conversely, the yearly low was recorded on January 5, dropping to 107.7138.

This high-to-low spread represents a total annual volatility of 16.3463 UZS. From a start-to-finish perspective, comparing the January average rate of 110.3068 to the December average rate of 122.1248, the exchange rate registered a net change of 10.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 124.0601 was up 7.39% compared to the 2022 peak of 115.5180, 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 620,300 UZS

2022 Average 526,773 UZS

Yearly Trough Low 538,569 UZS

Transaction Impact: A difference of 81,731.59 UZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

123.3361

108.8008

JanuMarcMayJulySeptNove

CVE to UZS 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 111.4990, compared to 118.4517 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.9526 points.

H1 Avg (Jan–Jun) 111.4990

H2 Avg (Jul–Dec) 118.4517

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 5.7406 UZS (High: 122.5819 / Low: 116.8414). On the other end, October was the most stable month, with a tight range of 1.8222 UZS (High: 117.7477 / Low: 115.9255).

November Spread (Volatile) ±5.7406

October Spread (Stable) ±1.8222

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 September and October, when the average rate fell by 0.8921 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.8921

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 122.1248) against the same month in 2022 (average: 107.8365), the exchange rate shifted by +14.2884 (+13.25%).

2023 Avg (December) 122.1248

2022 Avg (December) 107.8365

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	111.8317	107.7138	110.3068
February	112.1703	108.6986	110.0120
March	112.7481	108.8447	110.4393
April	114.7544	112.2777	113.2721
May	114.3256	110.5001	112.5635
June	114.0551	109.4943	112.4005
July	118.5957	112.9181	115.9589
August	120.3903	115.6797	117.8559
September	119.0406	116.3906	117.8072
October	117.7477	115.9255	116.9151
November	122.5819	116.8414	120.0480
December	124.0601	119.5855	122.1248