2017 ERN to CVE Historical Review

YEARLY HIGH

105.3510 CVE

YEARLY LOW

91.9250 CVE

YEARLY AVERAGE

98.1165 CVE

2017 ERN to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the ERN to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 105.3510. Conversely, the yearly low was recorded on September 10, dropping to 91.9250.

This high-to-low spread represents a total annual volatility of 13.4260 CVE. From a start-to-finish perspective, comparing the January average rate of 103.9229 to the December average rate of 93.4428, the exchange rate registered a net change of -10.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 105.3510 was down 1.18% compared to the 2016 peak of 106.6120, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 526,755 CVE

2016 Average 498,335 CVE

Yearly Trough Low 459,625 CVE

Transaction Impact: A difference of 67,130.00 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

105.0532

91.7553

JanuMarcMayJulySeptNove

ERN 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 102.2174, compared to 94.0156 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.2018 points.

H1 Avg (Jan–Jun) 102.2174

H2 Avg (Jul–Dec) 94.0156

Volatility Range Comparison

Volatility

The most volatile month in 2017 was July, with a trading range of 4.1500 CVE (High: 97.6500 / Low: 93.5000). On the other end, December was the most stable month, with a tight range of 1.9500 CVE (High: 94.1500 / Low: 92.2000).

July Spread (Volatile) ±4.1500

December Spread (Stable) ±1.9500

Growth Streaks & Declines

Trends

Between September and November, 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 3.1933 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -3.1933

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 103.9229) against the same month in 2016 (average: 101.4811), the exchange rate shifted by +2.4418 (+2.41%).

2017 Avg (January) 103.9229

2016 Avg (January) 101.4811

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	105.3510	102.3750	103.9229
February	104.8500	102.4500	103.9450
March	105.1750	101.7500	103.4919
April	104.5000	101.1500	103.2947
May	101.9000	98.5450	100.1015
June	99.3000	96.7250	98.5483
July	97.6500	93.5000	95.9012
August	94.1000	92.0500	93.5742
September	94.0000	91.9250	92.8635
October	95.5000	93.3500	94.0029
November	95.4500	92.6750	94.3088
December	94.1500	92.2000	93.4428