2023 EUR to CVE Historical Review

YEARLY HIGH

113.6437 CVE

YEARLY LOW

108.9358 CVE

YEARLY AVERAGE

110.4731 CVE

2023 EUR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EUR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 113.6437. Conversely, the yearly low was recorded on January 3, dropping to 108.9358.

This high-to-low spread represents a total annual volatility of 4.7079 CVE. From a start-to-finish perspective, comparing the January average rate of 110.5515 to the December average rate of 110.5036, the exchange rate registered a net change of -0.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 113.6437 was down 1.64% compared to the 2022 peak of 115.5432, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 568,219 CVE

2022 Average 552,664 CVE

Yearly Trough Low 544,679 CVE

Transaction Impact: A difference of 23,539.70 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

110.6930

110.2405

JanuMarcMayJulySeptNove

EUR 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 110.5301, compared to 110.4160 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1141 points.

H1 Avg (Jan–Jun) 110.5301

H2 Avg (Jul–Dec) 110.4160

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 3.6348 CVE (High: 113.6437 / Low: 110.0089). On the other end, August was the most stable month, with a tight range of 1.4235 CVE (High: 111.1179 / Low: 109.6944).

December Spread (Volatile) ±3.6348

August Spread (Stable) ±1.4235

Growth Streaks & Declines

Trends

Between February and April, 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 June and July, when the average rate fell by 0.2568 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2568

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 110.5036) against the same month in 2022 (average: 110.5685), the exchange rate shifted by -0.0649 (-0.06%).

2023 Avg (December) 110.5036

2022 Avg (December) 110.5685

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	111.7778	108.9358	110.5515
February	111.6468	109.0120	110.3013
March	111.1241	109.2104	110.4321
April	111.9360	109.3450	110.6553
May	112.4987	109.6687	110.5973
June	113.0754	110.0272	110.6433
July	112.1019	109.0765	110.3865
August	111.1179	109.6944	110.3090
September	110.8039	109.2274	110.2782
October	111.3406	109.4117	110.3904
November	112.6738	109.8878	110.6283
December	113.6437	110.0089	110.5036