2024 ETB to CVE Historical Review

YEARLY HIGH

1.8250 CVE

YEARLY LOW

0.8215 CVE

YEARLY AVERAGE

1.4065 CVE

2024 ETB to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ETB to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on April 17, valuing the pair at 1.8250. Conversely, the yearly low was recorded on December 7, dropping to 0.8215.

This high-to-low spread represents a total annual volatility of 1.0035 CVE. From a start-to-finish perspective, comparing the January average rate of 1.7925 to the December average rate of 0.8310, the exchange rate registered a net change of -53.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.8250 was down 6.62% compared to the 2023 peak of 1.9543, 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 9,125 CVE

2023 Average 9,326 CVE

Yearly Trough Low 4,108 CVE

Transaction Impact: A difference of 5,017.57 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.9037

0.7335

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 1.7933, compared to 1.0197 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7735 points.

H1 Avg (Jan–Jun) 1.7933

H2 Avg (Jul–Dec) 1.0197

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.4415 CVE (High: 1.7938 / Low: 1.3523). On the other end, March was the most stable month, with a tight range of 0.0292 CVE (High: 1.8039 / Low: 1.7748).

July Spread (Volatile) ±0.4415

March Spread (Stable) ±0.0292

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.7614 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.7614

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 1.8053) against the same month in 2023 (average: 1.8588), the exchange rate shifted by -0.0535 (-2.88%).

2024 Avg (April) 1.8053

2023 Avg (April) 1.8588

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8103	1.7676	1.7925
February	1.8241	1.7897	1.8062
March	1.8039	1.7748	1.7901
April	1.8250	1.7849	1.8053
May	1.8125	1.7641	1.7821
June	1.8042	1.7627	1.7836
July	1.7938	1.3523	1.7498
August	1.2982	0.8774	0.9884
September	0.9034	0.8253	0.8613
October	0.8597	0.8263	0.8416
November	0.8646	0.8259	0.8464
December	0.8512	0.8215	0.8310