2023 PLN to CVE Historical Review

YEARLY HIGH

26.3670 CVE

YEARLY LOW

23.0448 CVE

YEARLY AVERAGE

24.3352 CVE

2023 PLN to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PLN to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 26.3670. Conversely, the yearly low was recorded on February 16, dropping to 23.0448.

This high-to-low spread represents a total annual volatility of 3.3222 CVE. From a start-to-finish perspective, comparing the January average rate of 23.6455 to the December average rate of 25.5078, the exchange rate registered a net change of 7.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 26.3670 was up 6.84% compared to the 2022 peak of 24.6788, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 PLN based on timing:

Yearly Peak High 527,340 CVE

2022 Average 472,008 CVE

Yearly Trough Low 460,896 CVE

Transaction Impact: A difference of 66,444.02 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

25.7336

23.0246

JanuMarcMayJulySeptNove

PLN 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 23.8924, compared to 24.7780 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8856 points.

H1 Avg (Jan–Jun) 23.8924

H2 Avg (Jul–Dec) 24.7780

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 1.3413 CVE (High: 24.6137 / Low: 23.2724). On the other end, March was the most stable month, with a tight range of 0.4898 CVE (High: 23.6906 / Low: 23.2008).

January Spread (Volatile) ±1.3413

March Spread (Stable) ±0.4898

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.7706 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.7706

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 25.5078) against the same month in 2022 (average: 23.6181), the exchange rate shifted by +1.8898 (+8.00%).

2023 Avg (December) 25.5078

2022 Avg (December) 23.6181

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	24.6137	23.2724	23.6455
February	23.7393	23.0448	23.2504
March	23.6906	23.2008	23.5222
April	24.1380	23.4220	23.8001
May	24.6188	23.9694	24.3285
June	25.2037	24.5042	24.8078
July	25.2589	24.6021	24.8387
August	25.0188	24.5016	24.7406
September	24.6387	23.5648	23.9700
October	24.9911	23.7543	24.4770
November	25.6316	24.7133	25.1335
December	26.3670	25.2884	25.5078