2024 SBD to CVE Historical Review

YEARLY HIGH

12.6723 CVE

YEARLY LOW

11.5266 CVE

YEARLY AVERAGE

12.1110 CVE

2024 SBD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SBD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 12.6723. Conversely, the yearly low was recorded on March 12, dropping to 11.5266.

This high-to-low spread represents a total annual volatility of 1.1457 CVE. From a start-to-finish perspective, comparing the January average rate of 12.0108 to the December average rate of 12.5595, the exchange rate registered a net change of 4.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 12.6723 was down 0.12% compared to the 2023 peak of 12.6879, 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 63,361 CVE

2023 Average 61,165 CVE

Yearly Trough Low 57,633 CVE

Transaction Impact: A difference of 5,728.36 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

12.6322

11.7593

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 12.0638, compared to 12.1581 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0943 points.

H1 Avg (Jan–Jun) 12.0638

H2 Avg (Jul–Dec) 12.1581

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.5605 CVE (High: 12.0871 / Low: 11.5266). On the other end, December was the most stable month, with a tight range of 0.2459 CVE (High: 12.6723 / Low: 12.4264).

March Spread (Volatile) ±0.5605

December Spread (Stable) ±0.2459

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.2041 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2041

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 12.5595) against the same month in 2023 (average: 11.9621), the exchange rate shifted by +0.5973 (+4.99%).

2024 Avg (December) 12.5595

2023 Avg (December) 11.9621

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.1455	11.8479	12.0108
February	12.2182	11.9703	12.0990
March	12.0871	11.5266	11.9960
April	12.3072	11.9731	12.1159
May	12.2258	11.9346	12.0404
June	12.2362	11.9427	12.1209
July	12.2106	11.9268	12.0362
August	12.0784	11.6123	11.8321
September	12.0059	11.7552	11.9164
October	12.3532	11.9971	12.1938
November	12.6343	12.1694	12.4107
December	12.6723	12.4264	12.5595