YEARLY HIGH
0.0025 CVE
YEARLY LOW
0.0023 CVE
YEARLY AVERAGE
0.0024 CVE

2024 IRR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the IRR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 0.0025. Conversely, the yearly low was recorded on September 22, dropping to 0.0023.

This high-to-low spread represents a total annual volatility of 0.0002 CVE. From a start-to-finish perspective, comparing the January average rate of 0.0024 to the December average rate of 0.0025, the exchange rate registered a net change of 3.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0025 was up 0.50% compared to the 2023 peak of 0.0025, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13 CVE
2023 Average 12 CVE
Yearly Trough Low 12 CVE
Transaction Impact: A difference of 0.91 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0025
0.0023
JanuMarcMayJulySeptNove

IRR 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 0.0024, compared to 0.0024 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0024
H2 Avg (Jul–Dec) 0.0024

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0001 CVE (High: 0.0025 / Low: 0.0024). On the other end, February was the most stable month, with a tight range of 0.0000 CVE (High: 0.0025 / Low: 0.0024).

November Spread (Volatile) ±0.0001
February Spread (Stable) ±0.0000

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 0.0000 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.0025) against the same month in 2023 (average: 0.0024), the exchange rate shifted by +0.0000 (+1.88%).

2024 Avg (November) 0.0025
2023 Avg (November) 0.0024

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0024 0.0024 0.0024
February 0.0025 0.0024 0.0024
March 0.0024 0.0024 0.0024
April 0.0025 0.0024 0.0024
May 0.0025 0.0024 0.0024
June 0.0025 0.0024 0.0024
July 0.0024 0.0024 0.0024
August 0.0024 0.0023 0.0024
September 0.0024 0.0023 0.0024
October 0.0024 0.0024 0.0024
November 0.0025 0.0024 0.0025
December 0.0025 0.0025 0.0025