2024 NZD to CVE Historical Review

YEARLY HIGH

63.4728 CVE

YEARLY LOW

58.9987 CVE

YEARLY AVERAGE

61.7004 CVE

2024 NZD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NZD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on June 14, valuing the pair at 63.4728. Conversely, the yearly low was recorded on December 18, dropping to 58.9987.

This high-to-low spread represents a total annual volatility of 4.4741 CVE. From a start-to-finish perspective, comparing the January average rate of 62.4446 to the December average rate of 60.3853, the exchange rate registered a net change of -3.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 63.4728 was down 4.81% compared to the 2023 peak of 66.6780, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 317,364 CVE

2023 Average 313,461 CVE

Yearly Trough Low 294,993 CVE

Transaction Impact: A difference of 22,370.50 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

63.1624

60.1329

JanuMarcMayJulySeptNove

NZD 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 62.1492, compared to 61.2516 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8976 points.

H1 Avg (Jan–Jun) 62.1492

H2 Avg (Jul–Dec) 61.2516

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 2.8970 CVE (High: 62.6109 / Low: 59.7140). On the other end, April was the most stable month, with a tight range of 1.2175 CVE (High: 61.6515 / Low: 60.4340).

July Spread (Volatile) ±2.8970

April Spread (Stable) ±1.2175

Growth Streaks & Declines

Trends

Between April and June, 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 1.5541 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.5541

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 62.9099) against the same month in 2023 (average: 62.6046), the exchange rate shifted by +0.3053 (+0.49%).

2024 Avg (June) 62.9099

2023 Avg (June) 62.6046

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	63.3048	61.5632	62.4446
February	63.3848	61.9032	62.6751
March	62.5376	60.8540	61.6952
April	61.6515	60.4340	61.1566
May	62.7710	61.3103	62.0138
June	63.4728	62.0619	62.9099
July	62.6109	59.7140	61.3558
August	62.4862	59.9367	61.0502
September	63.0181	61.1815	61.8802
October	62.4873	60.6742	61.5440
November	62.0832	60.1842	61.2941
December	61.7824	58.9987	60.3853