YEARLY HIGH
0.1859 CVE
YEARLY LOW
0.1722 CVE
YEARLY AVERAGE
0.1786 CVE

2024 SOS to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SOS to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 0.1859. Conversely, the yearly low was recorded on September 25, dropping to 0.1722.

This high-to-low spread represents a total annual volatility of 0.0137 CVE. From a start-to-finish perspective, comparing the January average rate of 0.1770 to the December average rate of 0.1842, the exchange rate registered a net change of 4.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1859 was up 0.43% compared to the 2023 peak of 0.1852, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 930 CVE
2023 Average 897 CVE
Yearly Trough Low 861 CVE
Transaction Impact: A difference of 68.72 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1852
0.1729
JanuMarcMayJulySeptNove

SOS 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 0.1787, compared to 0.1785 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.1787
H2 Avg (Jul–Dec) 0.1785

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0082 CVE (High: 0.1854 / Low: 0.1772). On the other end, March was the most stable month, with a tight range of 0.0029 CVE (High: 0.1793 / Low: 0.1764).

November Spread (Volatile) ±0.0082
March Spread (Stable) ±0.0029

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 July and August, when the average rate fell by 0.0022 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.1842) against the same month in 2023 (average: 0.1770), the exchange rate shifted by +0.0072 (+4.10%).

2024 Avg (December) 0.1842
2023 Avg (December) 0.1770

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1784 0.1742 0.1770
February 0.1803 0.1773 0.1789
March 0.1793 0.1764 0.1778
April 0.1818 0.1778 0.1798
May 0.1818 0.1774 0.1789
June 0.1812 0.1766 0.1795
July 0.1806 0.1765 0.1780
August 0.1811 0.1731 0.1759
September 0.1752 0.1722 0.1739
October 0.1792 0.1742 0.1772
November 0.1854 0.1772 0.1815
December 0.1859 0.1822 0.1842