2023 NPR to CVE Historical Review

YEARLY HIGH

0.7970 CVE

YEARLY LOW

0.7451 CVE

YEARLY AVERAGE

0.7730 CVE

2023 NPR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.7970. Conversely, the yearly low was recorded on July 13, dropping to 0.7451.

This high-to-low spread represents a total annual volatility of 0.0519 CVE. From a start-to-finish perspective, comparing the January average rate of 0.7828 to the December average rate of 0.7589, the exchange rate registered a net change of -3.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7970 was down 9.71% compared to the 2022 peak of 0.8828, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,985 CVE

2022 Average 4,180 CVE

Yearly Trough Low 3,726 CVE

Transaction Impact: A difference of 259.39 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7880

0.7562

JanuMarcMayJulySeptNove

NPR 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 0.7772, compared to 0.7688 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0083 points.

H1 Avg (Jan–Jun) 0.7772

H2 Avg (Jul–Dec) 0.7688

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0322 CVE (High: 0.7870 / Low: 0.7548). On the other end, October was the most stable month, with a tight range of 0.0127 CVE (High: 0.7928 / Low: 0.7801).

November Spread (Volatile) ±0.0322

October Spread (Stable) ±0.0127

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 October and November, when the average rate fell by 0.0172 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0172

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.7836) against the same month in 2022 (average: 0.8247), the exchange rate shifted by -0.0411 (-4.99%).

2023 Avg (March) 0.7836

2022 Avg (March) 0.8247

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7924	0.7760	0.7828
February	0.7877	0.7706	0.7799
March	0.7970	0.7706	0.7836
April	0.7775	0.7582	0.7685
May	0.7816	0.7643	0.7722
June	0.7949	0.7688	0.7759
July	0.7743	0.7451	0.7600
August	0.7716	0.7545	0.7631
September	0.7871	0.7679	0.7776
October	0.7928	0.7801	0.7853
November	0.7870	0.7548	0.7681
December	0.7756	0.7464	0.7589