2023 CVE to VND Historical Review

YEARLY HIGH

244.3489 VND

YEARLY LOW

223.8771 VND

YEARLY AVERAGE

233.4930 VND

2023 CVE to VND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 244.3489. Conversely, the yearly low was recorded on January 8, dropping to 223.8771.

This high-to-low spread represents a total annual volatility of 20.4718 VND. From a start-to-finish perspective, comparing the January average rate of 229.0227 to the December average rate of 240.0576, the exchange rate registered a net change of 4.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 244.3489 was up 3.80% compared to the 2022 peak of 235.4088, 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 1,221,745 VND

2022 Average 1,114,860 VND

Yearly Trough Low 1,119,385 VND

Transaction Impact: A difference of 102,359.12 VND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

241.1615

227.9142

JanuMarcMayJulySeptNove

CVE to VND 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 230.3112, compared to 236.6747 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.3635 points.

H1 Avg (Jan–Jun) 230.3112

H2 Avg (Jul–Dec) 236.6747

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 9.7540 VND (High: 244.3489 / Low: 234.5949). On the other end, August was the most stable month, with a tight range of 3.6821 VND (High: 238.1339 / Low: 234.4518).

December Spread (Volatile) ±9.7540

August Spread (Stable) ±3.6821

Growth Streaks & Declines

Trends

Between October and December, 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 April and May, when the average rate fell by 2.2320 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.2320

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 240.0576) against the same month in 2022 (average: 227.9686), the exchange rate shifted by +12.0890 (+5.30%).

2023 Avg (December) 240.0576

2022 Avg (December) 227.9686

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	231.3447	223.8771	229.0227
February	232.4366	227.8502	229.4437
March	232.0639	226.5688	229.0182
April	236.1637	230.9924	233.0773
May	234.2710	227.2991	230.8453
June	233.4697	224.2535	230.4599
July	241.3226	232.5771	237.0307
August	238.1339	234.4518	236.0748
September	236.9041	232.1329	234.5615
October	236.9650	231.3461	234.3337
November	241.3735	233.9420	237.9901
December	244.3489	234.5949	240.0576