2023 SVC to CVE Historical Review

YEARLY HIGH

12.0650 CVE

YEARLY LOW

11.1939 CVE

YEARLY AVERAGE

11.6733 CVE

2023 SVC to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SVC to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 6, valuing the pair at 12.0650. Conversely, the yearly low was recorded on July 18, dropping to 11.1939.

This high-to-low spread represents a total annual volatility of 0.8711 CVE. From a start-to-finish perspective, comparing the January average rate of 11.7124 to the December average rate of 11.5504, the exchange rate registered a net change of -1.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.0650 was down 9.62% compared to the 2022 peak of 13.3490, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 60,325 CVE

2022 Average 60,066 CVE

Yearly Trough Low 55,970 CVE

Transaction Impact: A difference of 4,355.42 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.0020

11.3704

JanuMarcMayJulySeptNove

SVC 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 11.6826, compared to 11.6640 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0186 points.

H1 Avg (Jan–Jun) 11.6826

H2 Avg (Jul–Dec) 11.6640

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.5076 CVE (High: 12.0016 / Low: 11.4940). On the other end, October was the most stable month, with a tight range of 0.2120 CVE (High: 12.0650 / Low: 11.8530).

November Spread (Volatile) ±0.5076

October Spread (Stable) ±0.2120

Growth Streaks & Declines

Trends

Between July and October, 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 March and April, when the average rate fell by 0.2765 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2765

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 11.9494) against the same month in 2022 (average: 12.8883), the exchange rate shifted by -0.9389 (-7.28%).

2023 Avg (October) 11.9494

2022 Avg (October) 12.8883

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.9761	11.5755	11.7124
February	11.9333	11.5304	11.7781
March	11.9594	11.5868	11.7972
April	11.6325	11.3952	11.5207
May	11.8064	11.4450	11.6238
June	11.9710	11.5140	11.6633
July	11.6186	11.1939	11.4230
August	11.6658	11.4258	11.5560
September	11.9710	11.6178	11.8056
October	12.0650	11.8530	11.9494
November	12.0016	11.4940	11.6996
December	11.8175	11.3545	11.5504