2023 MOP to CVE Historical Review

YEARLY HIGH

13.0863 CVE

YEARLY LOW

12.1730 CVE

YEARLY AVERAGE

12.6654 CVE

2023 MOP to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MOP to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 6, valuing the pair at 13.0863. Conversely, the yearly low was recorded on July 18, dropping to 12.1730.

This high-to-low spread represents a total annual volatility of 0.9133 CVE. From a start-to-finish perspective, comparing the January average rate of 12.7245 to the December average rate of 12.5626, the exchange rate registered a net change of -1.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 13.0863 was down 9.43% compared to the 2022 peak of 14.4482, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 65,431 CVE

2022 Average 65,160 CVE

Yearly Trough Low 60,865 CVE

Transaction Impact: A difference of 4,566.33 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.0264

12.3569

JanuMarcMayJulySeptNove

MOP 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 12.6593, compared to 12.6716 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0123 points.

H1 Avg (Jan–Jun) 12.6593

H2 Avg (Jul–Dec) 12.6716

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.5173 CVE (High: 12.8575 / Low: 12.3402). On the other end, October was the most stable month, with a tight range of 0.2153 CVE (High: 13.0863 / Low: 12.8710).

December Spread (Volatile) ±0.5173

October Spread (Stable) ±0.2153

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 0.3004 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 12.9706) against the same month in 2022 (average: 13.9485), the exchange rate shifted by -0.9779 (-7.01%).

2023 Avg (October) 12.9706

2022 Avg (October) 13.9485

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.0303	12.5589	12.7245
February	12.9184	12.4846	12.7513
March	12.9429	12.5371	12.7673
April	12.5851	12.3311	12.4669
May	12.8004	12.3739	12.5963
June	12.9830	12.5003	12.6493
July	12.6089	12.1730	12.4127
August	12.6335	12.4180	12.5454
September	12.9910	12.5803	12.8081
October	13.0863	12.8710	12.9706
November	13.0270	12.5141	12.7301
December	12.8575	12.3402	12.5626