2024 THB to CVE Historical Review

YEARLY HIGH

3.1068 CVE

YEARLY LOW

2.7583 CVE

YEARLY AVERAGE

2.8960 CVE

2024 THB to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the THB to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 10, valuing the pair at 3.1068. Conversely, the yearly low was recorded on June 9, dropping to 2.7583.

This high-to-low spread represents a total annual volatility of 0.3485 CVE. From a start-to-finish perspective, comparing the January average rate of 2.8758 to the December average rate of 3.0813, the exchange rate registered a net change of 7.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 3.1068 was down 0.44% compared to the 2023 peak of 3.1207, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 THB based on timing:

Yearly Peak High 776,711 CVE

2023 Average 734,414 CVE

Yearly Trough Low 689,586 CVE

Transaction Impact: A difference of 87,125.54 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3.1103

2.7621

JanuMarcMayJulySeptNove

THB 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 2.8225, compared to 2.9696 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1471 points.

H1 Avg (Jan–Jun) 2.8225

H2 Avg (Jul–Dec) 2.9696

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.1524 CVE (High: 3.0675 / Low: 2.9151). On the other end, May was the most stable month, with a tight range of 0.0554 CVE (High: 2.8191 / Low: 2.7637).

September Spread (Volatile) ±0.1524

May Spread (Stable) ±0.0554

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0312 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0312

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 3.0813) against the same month in 2023 (average: 2.8986), the exchange rate shifted by +0.1827 (+6.30%).

2024 Avg (December) 3.0813

2023 Avg (December) 2.8986

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9301	2.8330	2.8758
February	2.8925	2.8283	2.8533
March	2.8627	2.7822	2.8258
April	2.8257	2.7641	2.7946
May	2.8191	2.7637	2.7911
June	2.8214	2.7583	2.7942
July	2.8733	2.7849	2.8072
August	2.9400	2.8355	2.8908
September	3.0675	2.9151	2.9883
October	3.0763	2.9959	3.0347
November	3.0756	2.9479	3.0152
December	3.1068	3.0355	3.0813