2023 SEK to CVE Historical Review

YEARLY HIGH

10.0898 CVE

YEARLY LOW

9.1781 CVE

YEARLY AVERAGE

9.6256 CVE

2023 SEK to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SEK to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 10.0898. Conversely, the yearly low was recorded on September 14, dropping to 9.1781.

This high-to-low spread represents a total annual volatility of 0.9117 CVE. From a start-to-finish perspective, comparing the January average rate of 9.8635 to the December average rate of 9.8784, the exchange rate registered a net change of 0.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.0898 was down 7.05% compared to the 2022 peak of 10.8556, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 50,449 CVE

2022 Average 51,992 CVE

Yearly Trough Low 45,891 CVE

Transaction Impact: A difference of 4,558.57 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

9.9351

9.2543

JanuMarcMayJulySeptNove

SEK 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 9.7407, compared to 9.5104 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2303 points.

H1 Avg (Jan–Jun) 9.7407

H2 Avg (Jul–Dec) 9.5104

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.4841 CVE (High: 9.8041 / Low: 9.3199). On the other end, January was the most stable month, with a tight range of 0.2193 CVE (High: 9.9707 / Low: 9.7514).

June Spread (Volatile) ±0.4841

January Spread (Stable) ±0.2193

Growth Streaks & Declines

Trends

Between September and December, 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 May and June, when the average rate fell by 0.2204 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2204

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 9.8784) against the same month in 2022 (average: 10.0408), the exchange rate shifted by -0.1624 (-1.62%).

2023 Avg (December) 9.8784

2022 Avg (December) 10.0408

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.9707	9.7514	9.8635
February	10.0514	9.5738	9.8575
March	9.9753	9.6126	9.8082
April	9.8381	9.6012	9.7320
May	9.8896	9.4745	9.7019
June	9.8041	9.3199	9.4814
July	9.7047	9.2519	9.4847
August	9.5224	9.2273	9.3335
September	9.5881	9.1781	9.3110
October	9.5913	9.2828	9.4775
November	9.7553	9.3138	9.5775
December	10.0898	9.6908	9.8784