2023 ETB to CVE Historical Review

YEARLY HIGH

1.9543 CVE

YEARLY LOW

1.7676 CVE

YEARLY AVERAGE

1.8656 CVE

2023 ETB to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 1.9543. Conversely, the yearly low was recorded on December 30, dropping to 1.7676.

This high-to-low spread represents a total annual volatility of 0.1867 CVE. From a start-to-finish perspective, comparing the January average rate of 1.9107 to the December average rate of 1.8016, the exchange rate registered a net change of -5.71% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.9543 was down 10.72% compared to the 2022 peak of 2.1890, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,772 CVE

2022 Average 10,116 CVE

Yearly Trough Low 8,838 CVE

Transaction Impact: A difference of 933.55 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.9308

1.7898

JanuMarcMayJulySeptNove

ETB 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 1.8909, compared to 1.8402 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0507 points.

H1 Avg (Jan–Jun) 1.8909

H2 Avg (Jul–Dec) 1.8402

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0910 CVE (High: 1.8893 / Low: 1.7983). On the other end, October was the most stable month, with a tight range of 0.0361 CVE (High: 1.8981 / Low: 1.8621).

November Spread (Volatile) ±0.0910

October Spread (Stable) ±0.0361

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 0.0587 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0587

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.9107) against the same month in 2022 (average: 1.9701), the exchange rate shifted by -0.0593 (-3.01%).

2023 Avg (January) 1.9107

2022 Avg (January) 1.9701

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9543	1.8891	1.9107
February	1.9425	1.8793	1.9190
March	1.9449	1.8815	1.9176
April	1.8844	1.8306	1.8588
May	1.9024	1.8407	1.8697
June	1.9265	1.8430	1.8695
July	1.8622	1.7834	1.8209
August	1.8547	1.8131	1.8357
September	1.8954	1.8398	1.8703
October	1.8981	1.8621	1.8788
November	1.8893	1.7983	1.8342
December	1.8433	1.7676	1.8016