2023 HTG to CVE Historical Review

YEARLY HIGH

0.7903 CVE

YEARLY LOW

0.6381 CVE

YEARLY AVERAGE

0.7232 CVE

2023 HTG to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HTG to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 0.7903. Conversely, the yearly low was recorded on April 15, dropping to 0.6381.

This high-to-low spread represents a total annual volatility of 0.1523 CVE. From a start-to-finish perspective, comparing the January average rate of 0.6904 to the December average rate of 0.7651, the exchange rate registered a net change of 10.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7903 was down 20.48% compared to the 2022 peak of 0.9939, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,952 CVE

2022 Average 4,511 CVE

Yearly Trough Low 3,190 CVE

Transaction Impact: A difference of 761.31 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7930

0.6364

JanuMarcMayJulySeptNove

HTG 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 0.6883, compared to 0.7580 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0697 points.

H1 Avg (Jan–Jun) 0.6883

H2 Avg (Jul–Dec) 0.7580

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0880 CVE (High: 0.7377 / Low: 0.6497). On the other end, August was the most stable month, with a tight range of 0.0209 CVE (High: 0.7533 / Low: 0.7324).

May Spread (Volatile) ±0.0880

August Spread (Stable) ±0.0209

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 0.0217 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0217

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.7717) against the same month in 2022 (average: 0.8045), the exchange rate shifted by -0.0328 (-4.08%).

2023 Avg (November) 0.7717

2022 Avg (November) 0.8045

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7105	0.6805	0.6904
February	0.6986	0.6728	0.6863
March	0.6896	0.6540	0.6712
April	0.6608	0.6381	0.6495
May	0.7377	0.6497	0.6999
June	0.7509	0.7221	0.7326
July	0.7364	0.7063	0.7250
August	0.7533	0.7324	0.7429
September	0.7759	0.7497	0.7634
October	0.7898	0.7678	0.7799
November	0.7903	0.7592	0.7717
December	0.7821	0.7533	0.7651