2023 SAR to CVE Historical Review

YEARLY HIGH

28.1130 CVE

YEARLY LOW

26.1207 CVE

YEARLY AVERAGE

27.2138 CVE

2023 SAR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 28.1130. Conversely, the yearly low was recorded on July 15, dropping to 26.1207.

This high-to-low spread represents a total annual volatility of 1.9923 CVE. From a start-to-finish perspective, comparing the January average rate of 27.2842 to the December average rate of 26.9716, the exchange rate registered a net change of -1.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 28.1130 was down 9.62% compared to the 2022 peak of 31.1044, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 140,565 CVE

2022 Average 139,972 CVE

Yearly Trough Low 130,603 CVE

Transaction Impact: A difference of 9,961.63 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

27.9792

26.4923

JanuMarcMayJulySeptNove

SAR 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 27.2278, compared to 27.1999 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0279 points.

H1 Avg (Jan–Jun) 27.2278

H2 Avg (Jul–Dec) 27.1999

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.1728 CVE (High: 27.9751 / Low: 26.8022). On the other end, October was the most stable month, with a tight range of 0.4657 CVE (High: 28.1130 / Low: 27.6473).

November Spread (Volatile) ±1.1728

October Spread (Stable) ±0.4657

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 March and April, when the average rate fell by 0.6049 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.6049

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 27.8553) against the same month in 2022 (average: 30.0005), the exchange rate shifted by -2.1452 (-7.15%).

2023 Avg (October) 27.8553

2022 Avg (October) 30.0005

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.8979	27.0089	27.2842
February	27.8231	26.8859	27.4739
March	27.8663	26.9568	27.4499
April	27.0936	26.4716	26.8450
May	27.5435	26.7005	27.1070
June	27.9455	26.8736	27.2065
July	27.1063	26.1207	26.6162
August	27.2314	26.6493	26.9549
September	27.9330	27.1040	27.5357
October	28.1130	27.6473	27.8553
November	27.9751	26.8022	27.2655
December	27.5605	26.5482	26.9716