2023 CVE to YER Historical Review

YEARLY HIGH

2.5547 YER

YEARLY LOW

2.3748 YER

YEARLY AVERAGE

2.4524 YER

2023 CVE to YER Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to YER exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 2.5547. Conversely, the yearly low was recorded on October 3, dropping to 2.3748.

This high-to-low spread represents a total annual volatility of 0.1799 YER. From a start-to-finish perspective, comparing the January average rate of 2.4428 to the December average rate of 2.4736, the exchange rate registered a net change of 1.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.5547 was down 1.50% compared to the 2022 peak of 2.5937, 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 12,774 YER

2022 Average 11,930 YER

Yearly Trough Low 11,874 YER

Transaction Impact: A difference of 899.73 YER purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.5190

2.3849

JanuMarcMayJulySeptNove

CVE to YER 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 2.4505, compared to 2.4543 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0038 points.

H1 Avg (Jan–Jun) 2.4505

H2 Avg (Jul–Dec) 2.4543

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.1044 YER (High: 2.4897 / Low: 2.3853). On the other end, October was the most stable month, with a tight range of 0.0389 YER (High: 2.4137 / Low: 2.3748).

November Spread (Volatile) ±0.1044

October Spread (Stable) ±0.0389

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 August and September, when the average rate fell by 0.0515 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0515

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2.5078) against the same month in 2022 (average: 2.3273), the exchange rate shifted by +0.1805 (+7.76%).

2023 Avg (July) 2.5078

2022 Avg (July) 2.3273

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4693	2.3871	2.4428
February	2.4820	2.3976	2.4290
March	2.4713	2.3923	2.4287
April	2.5206	2.4636	2.4861
May	2.4999	2.4235	2.4626
June	2.4841	2.3888	2.4537
July	2.5547	2.4623	2.5078
August	2.5035	2.4504	2.4757
September	2.4615	2.3897	2.4242
October	2.4137	2.3748	2.3961
November	2.4897	2.3853	2.4487
December	2.5137	2.4220	2.4736