2023 GTQ to CVE Historical Review

YEARLY HIGH

13.4564 CVE

YEARLY LOW

12.4926 CVE

YEARLY AVERAGE

13.0397 CVE

2023 GTQ to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GTQ to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 6, valuing the pair at 13.4564. Conversely, the yearly low was recorded on July 18, dropping to 12.4926.

This high-to-low spread represents a total annual volatility of 0.9638 CVE. From a start-to-finish perspective, comparing the January average rate of 13.0586 to the December average rate of 12.9172, the exchange rate registered a net change of -1.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 13.4564 was down 9.74% compared to the 2022 peak of 14.9084, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 67,282 CVE

2022 Average 67,802 CVE

Yearly Trough Low 62,463 CVE

Transaction Impact: A difference of 4,819.00 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.3868

12.6775

JanuMarcMayJulySeptNove

GTQ 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 13.0711, compared to 13.0083 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0629 points.

H1 Avg (Jan–Jun) 13.0711

H2 Avg (Jul–Dec) 13.0083

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.5279 CVE (High: 13.3800 / Low: 12.8521). On the other end, October was the most stable month, with a tight range of 0.2276 CVE (High: 13.4564 / Low: 13.2288).

November Spread (Volatile) ±0.5279

October Spread (Stable) ±0.2276

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 0.3028 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 13.3277) against the same month in 2022 (average: 14.3425), the exchange rate shifted by -1.0148 (-7.08%).

2023 Avg (October) 13.3277

2022 Avg (October) 14.3425

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.3547	12.9107	13.0586
February	13.3612	12.8523	13.1598
March	13.4071	12.9978	13.2288
April	13.0508	12.7867	12.9260
May	13.2368	12.8163	13.0287
June	13.3691	12.8595	13.0249
July	12.9626	12.4926	12.7366
August	12.9938	12.7134	12.8695
September	13.3264	12.9176	13.1274
October	13.4564	13.2288	13.3277
November	13.3800	12.8521	13.0712
December	13.2238	12.7002	12.9172