2023 SHP to CVE Historical Review

YEARLY HIGH

132.1185 CVE

YEARLY LOW

121.5465 CVE

YEARLY AVERAGE

126.9397 CVE

2023 SHP to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SHP to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on June 13, valuing the pair at 132.1185. Conversely, the yearly low was recorded on February 3, dropping to 121.5465.

This high-to-low spread represents a total annual volatility of 10.5720 CVE. From a start-to-finish perspective, comparing the January average rate of 125.4735 to the December average rate of 128.1395, the exchange rate registered a net change of 2.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 132.1185 was down 1.42% compared to the 2022 peak of 134.0274, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 660,593 CVE

2022 Average 648,281 CVE

Yearly Trough Low 607,733 CVE

Transaction Impact: A difference of 52,860.20 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

129.4016

123.8812

JanuMarcMayJulySeptNove

SHP 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 126.0040, compared to 127.8754 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.8715 points.

H1 Avg (Jan–Jun) 126.0040

H2 Avg (Jul–Dec) 127.8754

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 5.1971 CVE (High: 132.0212 / Low: 126.8241). On the other end, October was the most stable month, with a tight range of 2.4772 CVE (High: 128.6214 / Low: 126.1442).

December Spread (Volatile) ±5.1971

October Spread (Stable) ±2.4772

Growth Streaks & Declines

Trends

Between February and June, 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 January and February, when the average rate fell by 1.1323 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.1323

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 128.9416) against the same month in 2022 (average: 128.8609), the exchange rate shifted by +0.0807 (+0.06%).

2023 Avg (June) 128.9416

2022 Avg (June) 128.8609

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	127.0576	123.6149	125.4735
February	125.9511	121.5465	124.3412
March	126.3898	122.4442	125.1044
April	126.3696	123.3517	125.3278
May	128.4760	125.4383	126.8354
June	132.1185	127.6980	128.9416
July	130.7722	126.7033	128.5628
August	129.7482	126.6865	128.4199
September	129.2574	126.4378	127.9211
October	128.6214	126.1442	127.1566
November	129.8756	125.7775	127.0528
December	132.0212	126.8241	128.1395