2023 DJF to CVE Historical Review

YEARLY HIGH

0.5943 CVE

YEARLY LOW

0.5510 CVE

YEARLY AVERAGE

0.5741 CVE

2023 DJF to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DJF to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 0.5943. Conversely, the yearly low was recorded on July 18, dropping to 0.5510.

This high-to-low spread represents a total annual volatility of 0.0434 CVE. From a start-to-finish perspective, comparing the January average rate of 0.5766 to the December average rate of 0.5681, the exchange rate registered a net change of -1.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5943 was down 9.42% compared to the 2022 peak of 0.6562, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 DJF based on timing:

Yearly Peak High 2,972 CVE

2022 Average 2,953 CVE

Yearly Trough Low 2,755 CVE

Transaction Impact: A difference of 216.81 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5900

0.5594

JanuMarcMayJulySeptNove

DJF to CVE 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 0.5746, compared to 0.5736 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.5746

H2 Avg (Jul–Dec) 0.5736

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0310 CVE (High: 0.5943 / Low: 0.5633). On the other end, October was the most stable month, with a tight range of 0.0094 CVE (High: 0.5929 / Low: 0.5835).

November Spread (Volatile) ±0.0310

October Spread (Stable) ±0.0094

Growth Streaks & Declines

Trends

Between July and October, 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 March and April, when the average rate fell by 0.0133 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0133

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.5756) against the same month in 2022 (average: 0.6113), the exchange rate shifted by -0.0357 (-5.85%).

2023 Avg (November) 0.5756

2022 Avg (November) 0.6113

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5907	0.5693	0.5766
February	0.5872	0.5667	0.5791
March	0.5873	0.5694	0.5802
April	0.5739	0.5600	0.5669
May	0.5809	0.5634	0.5716
June	0.5870	0.5658	0.5733
July	0.5755	0.5510	0.5619
August	0.5738	0.5623	0.5683
September	0.5880	0.5717	0.5801
October	0.5929	0.5835	0.5874
November	0.5943	0.5633	0.5756
December	0.5819	0.5589	0.5681