YEARLY HIGH
70.7374 CVE
YEARLY LOW
24.7340 CVE
YEARLY AVERAGE
26.7923 CVE

2020 QAR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the QAR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 70.7374. Conversely, the yearly low was recorded on December 30, dropping to 24.7340.

This high-to-low spread represents a total annual volatility of 46.0035 CVE. From a start-to-finish perspective, comparing the January average rate of 27.3724 to the December average rate of 24.9656, the exchange rate registered a net change of -8.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 70.7374 was up 154.43% compared to the 2019 peak of 27.8024, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 353,687 CVE
2019 Average 135,675 CVE
Yearly Trough Low 123,670 CVE
Transaction Impact: A difference of 230,017.42 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

29.3295
24.5689
JanuMarcMayJulySeptNove

QAR 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 27.8327, compared to 25.7520 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.0806 points.

H1 Avg (Jan–Jun) 27.8327
H2 Avg (Jul–Dec) 25.7520

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 44.0277 CVE (High: 70.7374 / Low: 26.7097). On the other end, April was the most stable month, with a tight range of 0.4021 CVE (High: 28.1810 / Low: 27.7789).

March Spread (Volatile) ±44.0277
April Spread (Stable) ±0.4021

Growth Streaks & Declines

Trends

Between January and March, 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 July and August, when the average rate fell by 0.9655 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.9655

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 28.9328) against the same month in 2019 (average: 26.8659), the exchange rate shifted by +2.0669 (+7.69%).

2020 Avg (March) 28.9328
2019 Avg (March) 26.8659

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 27.6298 27.0942 27.3724
February 28.1571 27.5130 27.8599
March 70.7374 26.7097 28.9328
April 28.1810 27.7789 27.9725
May 28.1947 27.2956 27.8351
June 27.3167 26.7687 27.0233
July 27.5611 25.7759 26.6015
August 25.9205 25.4218 25.6360
September 26.1604 25.4501 25.7770
October 26.0025 25.5974 25.8428
November 26.1055 25.3382 25.6892
December 25.2541 24.7340 24.9656