2023 ERN to CVE Historical Review

YEARLY HIGH

105.4404 CVE

YEARLY LOW

97.9745 CVE

YEARLY AVERAGE

102.0947 CVE

2023 ERN to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ERN to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 105.4404. Conversely, the yearly low was recorded on July 18, dropping to 97.9745.

This high-to-low spread represents a total annual volatility of 7.4659 CVE. From a start-to-finish perspective, comparing the January average rate of 102.4862 to the December average rate of 101.1707, the exchange rate registered a net change of -1.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 105.4404 was down 9.78% compared to the 2022 peak of 116.8750, 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 527,202 CVE

2022 Average 525,589 CVE

Yearly Trough Low 489,872 CVE

Transaction Impact: A difference of 37,329.44 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

104.9451

99.3667

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 102.1701, compared to 102.0193 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1508 points.

H1 Avg (Jan–Jun) 102.1701

H2 Avg (Jul–Dec) 102.0193

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 4.4050 CVE (High: 104.9500 / Low: 100.5450). On the other end, October was the most stable month, with a tight range of 1.7195 CVE (High: 105.4404 / Low: 103.7208).

November Spread (Volatile) ±4.4050

October Spread (Stable) ±1.7195

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 2.3703 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.3703

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 104.4802) against the same month in 2022 (average: 112.7521), the exchange rate shifted by -8.2719 (-7.34%).

2023 Avg (October) 104.4802

2022 Avg (October) 112.7521

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	104.8550	101.3971	102.4862
February	104.4181	100.8852	103.0690
March	104.6278	101.2609	103.0689
April	101.6200	99.2931	100.6987
May	103.3000	100.1457	101.6612
June	104.8000	100.7814	102.0368
July	101.6750	97.9745	99.8316
August	102.1303	99.9873	101.1110
September	104.7623	101.6656	103.2750
October	105.4404	103.7208	104.4802
November	104.9500	100.5450	102.2475
December	103.3750	99.5558	101.1707