2024 SHP to CVE Historical Review

YEARLY HIGH

133.8868 CVE

YEARLY LOW

126.7262 CVE

YEARLY AVERAGE

130.3495 CVE

2024 SHP to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SHP to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 10, valuing the pair at 133.8868. Conversely, the yearly low was recorded on January 2, dropping to 126.7262.

This high-to-low spread represents a total annual volatility of 7.1607 CVE. From a start-to-finish perspective, comparing the January average rate of 128.5284 to the December average rate of 132.9591, the exchange rate registered a net change of 3.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 133.8868 was up 1.34% compared to the 2023 peak of 132.1185, 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 669,434 CVE

2023 Average 634,785 CVE

Yearly Trough Low 633,631 CVE

Transaction Impact: A difference of 35,803.40 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

133.4043

128.0615

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 129.1136, compared to 131.5855 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.4719 points.

H1 Avg (Jan–Jun) 129.1136

H2 Avg (Jul–Dec) 131.5855

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 3.2922 CVE (High: 131.3541 / Low: 128.0619). On the other end, February was the most stable month, with a tight range of 1.4921 CVE (High: 130.1395 / Low: 128.6474).

August Spread (Volatile) ±3.2922

February Spread (Stable) ±1.4921

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 1.0091 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.0091

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 132.9591) against the same month in 2023 (average: 128.1395), the exchange rate shifted by +4.8195 (+3.76%).

2024 Avg (December) 132.9591

2023 Avg (December) 128.1395

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	129.4831	126.7262	128.5284
February	130.1395	128.6474	129.1847
March	130.3364	127.8889	129.0483
April	129.5087	126.8745	128.5068
May	130.0286	128.0028	129.0941
June	131.1382	129.3165	130.3193
July	132.2236	130.1437	130.8819
August	131.3541	128.0619	129.8728
September	133.2044	130.4663	131.3892
October	133.0536	131.0621	132.1414
November	133.3870	130.5631	132.2684
December	133.8868	132.0148	132.9591