2023 SBD to CVE Historical Review

YEARLY HIGH

12.6879 CVE

YEARLY LOW

11.7128 CVE

YEARLY AVERAGE

12.2349 CVE

2023 SBD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SBD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 12.6879. Conversely, the yearly low was recorded on July 15, dropping to 11.7128.

This high-to-low spread represents a total annual volatility of 0.9751 CVE. From a start-to-finish perspective, comparing the January average rate of 12.4007 to the December average rate of 11.9621, the exchange rate registered a net change of -3.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.6879 was down 10.94% compared to the 2022 peak of 14.2466, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 63,440 CVE

2022 Average 64,573 CVE

Yearly Trough Low 58,564 CVE

Transaction Impact: A difference of 4,875.51 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.5834

11.8746

JanuMarcMayJulySeptNove

SBD 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 12.3395, compared to 12.1304 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2091 points.

H1 Avg (Jan–Jun) 12.3395

H2 Avg (Jul–Dec) 12.1304

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.5937 CVE (High: 12.4499 / Low: 11.8562). On the other end, October was the most stable month, with a tight range of 0.2351 CVE (High: 12.5197 / Low: 12.2846).

November Spread (Volatile) ±0.5937

October Spread (Stable) ±0.2351

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 0.3806 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3806

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 12.5244) against the same month in 2022 (average: 12.4968), the exchange rate shifted by +0.0275 (+0.22%).

2023 Avg (March) 12.5244

2022 Avg (March) 12.4968

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.6870	12.2469	12.4007
February	12.6834	12.2965	12.5181
March	12.6879	12.3033	12.5244
April	12.3380	11.9630	12.1438
May	12.3951	12.0583	12.2091
June	12.5753	12.0924	12.2410
July	12.1687	11.7128	11.9337
August	12.2027	11.9476	12.0820
September	12.4962	12.1471	12.2951
October	12.5197	12.2846	12.3892
November	12.4499	11.8562	12.1201
December	12.1974	11.8106	11.9621