YEARLY HIGH
0.0076 XDR
YEARLY LOW
0.0072 XDR
YEARLY AVERAGE
0.0073 XDR

2023 CVE to XDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to XDR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 0.0076. Conversely, the yearly low was recorded on January 5, dropping to 0.0072.

This high-to-low spread represents a total annual volatility of 0.0004 XDR. From a start-to-finish perspective, comparing the January average rate of 0.0073 to the December average rate of 0.0074, the exchange rate registered a net change of 2.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0076 was up 2.68% compared to the 2022 peak of 0.0074, 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 38 XDR
2022 Average 35 XDR
Yearly Trough Low 36 XDR
Transaction Impact: A difference of 2.15 XDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0075
0.0072
JanuMarcMayJulySeptNove

CVE to XDR 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 0.0073, compared to 0.0074 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0073
H2 Avg (Jul–Dec) 0.0074

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0003 XDR (High: 0.0074 / Low: 0.0072). On the other end, August was the most stable month, with a tight range of 0.0001 XDR (High: 0.0075 / Low: 0.0074).

June Spread (Volatile) ±0.0003
August Spread (Stable) ±0.0001

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 0.0001 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0075) against the same month in 2022 (average: 0.0068), the exchange rate shifted by +0.0006 (+9.06%).

2023 Avg (July) 0.0075
2022 Avg (July) 0.0068

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0073 0.0072 0.0073
February 0.0073 0.0072 0.0072
March 0.0074 0.0072 0.0073
April 0.0074 0.0073 0.0074
May 0.0074 0.0072 0.0073
June 0.0074 0.0072 0.0073
July 0.0076 0.0074 0.0075
August 0.0075 0.0074 0.0074
September 0.0074 0.0073 0.0073
October 0.0074 0.0072 0.0073
November 0.0075 0.0073 0.0074
December 0.0075 0.0073 0.0074