2023 MVR to CVE Historical Review

YEARLY HIGH

6.8468 CVE

YEARLY LOW

6.3609 CVE

YEARLY AVERAGE

6.6422 CVE

2023 MVR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 6.8468. Conversely, the yearly low was recorded on July 15, dropping to 6.3609.

This high-to-low spread represents a total annual volatility of 0.4858 CVE. From a start-to-finish perspective, comparing the January average rate of 6.6617 to the December average rate of 6.5811, the exchange rate registered a net change of -1.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 6.8468 was down 9.67% compared to the 2022 peak of 7.5794, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 34,234 CVE

2022 Average 34,080 CVE

Yearly Trough Low 31,805 CVE

Transaction Impact: A difference of 2,429.23 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

6.8195

6.4632

JanuMarcMayJulySeptNove

MVR 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 6.6518, compared to 6.6325 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0193 points.

H1 Avg (Jan–Jun) 6.6518

H2 Avg (Jul–Dec) 6.6325

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.2879 CVE (High: 6.8238 / Low: 6.5359). On the other end, October was the most stable month, with a tight range of 0.1160 CVE (High: 6.8468 / Low: 6.7307).

November Spread (Volatile) ±0.2879

October Spread (Stable) ±0.1160

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 June and July, when the average rate fell by 0.1574 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1574

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 6.7898) against the same month in 2022 (average: 7.3034), the exchange rate shifted by -0.5136 (-7.03%).

2023 Avg (October) 6.7898

2022 Avg (October) 7.3034

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.8043	6.6001	6.6617
February	6.7981	6.5713	6.7130
March	6.8117	6.5863	6.7039
April	6.6126	6.4686	6.5569
May	6.7473	6.5242	6.6251
June	6.8229	6.5634	6.6503
July	6.6215	6.3609	6.4929
August	6.6319	6.5147	6.5775
September	6.7987	6.6018	6.6988
October	6.8468	6.7307	6.7898
November	6.8238	6.5359	6.6551
December	6.7127	6.4647	6.5811