2023 KES to CVE Historical Review

YEARLY HIGH

0.8483 CVE

YEARLY LOW

0.6341 CVE

YEARLY AVERAGE

0.7338 CVE

2023 KES to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KES to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.8483. Conversely, the yearly low was recorded on December 30, dropping to 0.6341.

This high-to-low spread represents a total annual volatility of 0.2143 CVE. From a start-to-finish perspective, comparing the January average rate of 0.8268 to the December average rate of 0.6551, the exchange rate registered a net change of -20.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8483 was down 11.87% compared to the 2022 peak of 0.9626, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,242 CVE

2022 Average 4,455 CVE

Yearly Trough Low 3,170 CVE

Transaction Impact: A difference of 1,071.35 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8440

0.6379

JanuMarcMayJulySeptNove

KES 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 0.7774, compared to 0.6902 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0872 points.

H1 Avg (Jan–Jun) 0.7774

H2 Avg (Jul–Dec) 0.6902

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0491 CVE (High: 0.8157 / Low: 0.7666). On the other end, September was the most stable month, with a tight range of 0.0123 CVE (High: 0.7101 / Low: 0.6978).

March Spread (Volatile) ±0.0491

September Spread (Stable) ±0.0123

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0461 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0461

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.8268) against the same month in 2022 (average: 0.8616), the exchange rate shifted by -0.0347 (-4.03%).

2023 Avg (January) 0.8268

2022 Avg (January) 0.8616

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8483	0.8148	0.8268
February	0.8260	0.8087	0.8203
March	0.8157	0.7666	0.7956
April	0.7666	0.7354	0.7495
May	0.7467	0.7339	0.7409
June	0.7513	0.7180	0.7311
July	0.7299	0.6910	0.7060
August	0.7152	0.6969	0.7034
September	0.7101	0.6978	0.7036
October	0.7146	0.6906	0.7000
November	0.6962	0.6567	0.6731
December	0.6708	0.6341	0.6551