2023 TJS to CVE Historical Review

YEARLY HIGH

10.4487 CVE

YEARLY LOW

8.9528 CVE

YEARLY AVERAGE

9.4575 CVE

2023 TJS to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TJS to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 10.4487. Conversely, the yearly low was recorded on July 18, dropping to 8.9528.

This high-to-low spread represents a total annual volatility of 1.4959 CVE. From a start-to-finish perspective, comparing the January average rate of 10.0166 to the December average rate of 9.2485, the exchange rate registered a net change of -7.67% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.4487 was down 10.46% compared to the 2022 peak of 11.6699, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 52,244 CVE

2022 Average 48,429 CVE

Yearly Trough Low 44,764 CVE

Transaction Impact: A difference of 7,479.35 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.1046

9.0488

JanuMarcMayJulySeptNove

TJS 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 9.6013, compared to 9.3136 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2877 points.

H1 Avg (Jan–Jun) 9.6013

H2 Avg (Jul–Dec) 9.3136

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 1.1776 CVE (High: 10.4487 / Low: 9.2711). On the other end, October was the most stable month, with a tight range of 0.1648 CVE (High: 9.6103 / Low: 9.4455).

March Spread (Volatile) ±1.1776

October Spread (Stable) ±0.1648

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 0.5504 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5504

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 9.7825) against the same month in 2022 (average: 8.1097), the exchange rate shifted by +1.6728 (+20.63%).

2023 Avg (March) 9.7825

2022 Avg (March) 8.1097

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.2700	9.8645	10.0166
February	10.4278	9.6092	9.9232
March	10.4487	9.2711	9.7825
April	9.3145	9.1306	9.2321
May	9.4591	9.1710	9.3108
June	9.5882	9.2218	9.3427
July	9.3622	8.9528	9.1368
August	9.2948	9.1021	9.2128
September	9.5393	9.2544	9.4045
October	9.6103	9.4455	9.5260
November	9.5628	9.1973	9.3530
December	9.4569	9.0954	9.2485