2023 IDR to CVE Historical Review

YEARLY HIGH

0.0070 CVE

YEARLY LOW

0.0065 CVE

YEARLY AVERAGE

0.0067 CVE

2023 IDR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IDR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on June 13, valuing the pair at 0.0070. Conversely, the yearly low was recorded on November 22, dropping to 0.0065.

This high-to-low spread represents a total annual volatility of 0.0006 CVE. From a start-to-finish perspective, comparing the January average rate of 0.0067 to the December average rate of 0.0065, the exchange rate registered a net change of -2.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0070 was down 7.25% compared to the 2022 peak of 0.0076, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 10,000,000 IDR based on timing:

Yearly Peak High 70,453 CVE

2022 Average 70,781 CVE

Yearly Trough Low 64,571 CVE

Transaction Impact: A difference of 5,882.08 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0069

0.0065

JanuMarcMayJulySeptNove

IDR 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 0.0068, compared to 0.0066 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0068

H2 Avg (Jul–Dec) 0.0066

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0003 CVE (High: 0.0070 / Low: 0.0067). On the other end, May was the most stable month, with a tight range of 0.0001 CVE (High: 0.0069 / Low: 0.0068).

June Spread (Volatile) ±0.0003

May Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between March and May, 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 0.0002 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0068) against the same month in 2022 (average: 0.0071), the exchange rate shifted by -0.0003 (-4.05%).

2023 Avg (June) 0.0068

2022 Avg (June) 0.0071

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0068	0.0066	0.0067
February	0.0069	0.0067	0.0068
March	0.0068	0.0067	0.0067
April	0.0068	0.0067	0.0068
May	0.0069	0.0068	0.0068
June	0.0070	0.0067	0.0068
July	0.0067	0.0065	0.0066
August	0.0067	0.0065	0.0066
September	0.0068	0.0067	0.0067
October	0.0067	0.0065	0.0066
November	0.0067	0.0065	0.0066
December	0.0067	0.0065	0.0065