2024 CVE to UZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CVE to UZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CVE to UZS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 129.0556. Conversely, the yearly low was recorded on February 5, dropping to 120.4085.
This high-to-low spread represents a total annual volatility of 8.6471 UZS. From a start-to-finish perspective, comparing the January average rate of 122.3381 to the December average rate of 122.3057, the exchange rate registered a net change of -0.03% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 129.0556 was up 4.03% compared to the 2023 peak of 124.0601, 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 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 123.0325, compared to 125.0100 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.9775 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 5.5484 UZS (High: 128.2690 / Low: 122.7206). On the other end, December was the most stable month, with a tight range of 1.9507 UZS (High: 123.2750 / Low: 121.3243).
Growth Streaks & Declines
TrendsBetween June and September, 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 October and November, when the average rate fell by 2.7465 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 127.9401) against the same month in 2023 (average: 117.8072), the exchange rate shifted by +10.1328 (+8.60%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 123.9463 | 121.5408 | 122.3381 |
| February | 122.9474 | 120.4085 | 121.5788 |
| March | 124.6818 | 122.4939 | 123.6330 |
| April | 124.8006 | 122.0905 | 123.3266 |
| May | 125.8618 | 121.9292 | 124.2028 |
| June | 125.0145 | 121.9412 | 123.1156 |
| July | 124.9629 | 121.8656 | 123.9409 |
| August | 128.2690 | 122.7206 | 125.8698 |
| September | 129.0556 | 126.3338 | 127.9401 |
| October | 128.0182 | 125.1321 | 126.3750 |
| November | 126.3873 | 121.0996 | 123.6285 |
| December | 123.2750 | 121.3243 | 122.3057 |