2023 GMD to CVE Historical Review

YEARLY HIGH

1.7673 CVE

YEARLY LOW

1.4787 CVE

YEARLY AVERAGE

1.6417 CVE

2023 GMD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on June 13, valuing the pair at 1.7673. Conversely, the yearly low was recorded on December 29, dropping to 1.4787.

This high-to-low spread represents a total annual volatility of 0.2886 CVE. From a start-to-finish perspective, comparing the January average rate of 1.6523 to the December average rate of 1.5021, the exchange rate registered a net change of -9.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.7673 was down 15.09% compared to the 2022 peak of 2.0813, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,836 CVE

2022 Average 9,505 CVE

Yearly Trough Low 7,394 CVE

Transaction Impact: A difference of 1,442.75 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.7368

1.4808

JanuMarcMayJulySeptNove

GMD 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 1.6772, compared to 1.6063 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0709 points.

H1 Avg (Jan–Jun) 1.6772

H2 Avg (Jul–Dec) 1.6063

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.1194 CVE (High: 1.6134 / Low: 1.4940). On the other end, August was the most stable month, with a tight range of 0.0253 CVE (High: 1.6809 / Low: 1.6556).

November Spread (Volatile) ±0.1194

August Spread (Stable) ±0.0253

Growth Streaks & Declines

Trends

Between April and June, 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 September and October, when the average rate fell by 0.0794 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0794

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 1.7155) against the same month in 2022 (average: 1.9343), the exchange rate shifted by -0.2188 (-11.31%).

2023 Avg (June) 1.7155

2022 Avg (June) 1.9343

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6885	1.6261	1.6523
February	1.7118	1.6458	1.6869
March	1.7093	1.6315	1.6791
April	1.6760	1.5964	1.6283
May	1.7332	1.6635	1.7008
June	1.7673	1.6947	1.7155
July	1.7052	1.6425	1.6738
August	1.6809	1.6556	1.6689
September	1.7118	1.6017	1.6718
October	1.6197	1.5715	1.5924
November	1.6134	1.4940	1.5289
December	1.5332	1.4787	1.5021