2023 GNF to CVE Historical Review

YEARLY HIGH

0.0123 CVE

YEARLY LOW

0.0114 CVE

YEARLY AVERAGE

0.0118 CVE

2023 GNF to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 6, valuing the pair at 0.0123. Conversely, the yearly low was recorded on July 18, dropping to 0.0114.

This high-to-low spread represents a total annual volatility of 0.0009 CVE. From a start-to-finish perspective, comparing the January average rate of 0.0118 to the December average rate of 0.0118, the exchange rate registered a net change of -0.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0123 was down 8.85% compared to the 2022 peak of 0.0135, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 61 CVE

2022 Average 60 CVE

Yearly Trough Low 57 CVE

Transaction Impact: A difference of 4.66 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0122

0.0115

JanuMarcMayJulySeptNove

GNF 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 0.0118, compared to 0.0119 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0118

H2 Avg (Jul–Dec) 0.0119

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0005 CVE (High: 0.0122 / Low: 0.0117). On the other end, April was the most stable month, with a tight range of 0.0002 CVE (High: 0.0118 / Low: 0.0116).

June Spread (Volatile) ±0.0005

April Spread (Stable) ±0.0002

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 October and November, when the average rate fell by 0.0003 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0121) against the same month in 2022 (average: 0.0130), the exchange rate shifted by -0.0008 (-6.46%).

2023 Avg (October) 0.0121

2022 Avg (October) 0.0130

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0121	0.0116	0.0118
February	0.0121	0.0117	0.0119
March	0.0121	0.0117	0.0119
April	0.0118	0.0116	0.0117
May	0.0120	0.0116	0.0118
June	0.0122	0.0117	0.0118
July	0.0118	0.0114	0.0116
August	0.0119	0.0116	0.0117
September	0.0122	0.0118	0.0120
October	0.0123	0.0120	0.0121
November	0.0122	0.0117	0.0119
December	0.0120	0.0116	0.0118