2024 TOP to CVE Historical Review

YEARLY HIGH

44.3673 CVE

YEARLY LOW

41.8638 CVE

YEARLY AVERAGE

43.0609 CVE

2024 TOP to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TOP to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 44.3673. Conversely, the yearly low was recorded on August 25, dropping to 41.8638.

This high-to-low spread represents a total annual volatility of 2.5035 CVE. From a start-to-finish perspective, comparing the January average rate of 42.9374 to the December average rate of 43.9497, the exchange rate registered a net change of 2.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 44.3673 was down 0.85% compared to the 2023 peak of 44.7461, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 221,836 CVE

2023 Average 216,098 CVE

Yearly Trough Low 209,319 CVE

Transaction Impact: A difference of 12,517.38 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

44.1063

42.2280

JanuMarcMayJulySeptNove

TOP 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 43.1182, compared to 43.0036 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1147 points.

H1 Avg (Jan–Jun) 43.1182

H2 Avg (Jul–Dec) 43.0036

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 1.6833 CVE (High: 44.1925 / Low: 42.5092). On the other end, January was the most stable month, with a tight range of 0.4455 CVE (High: 43.2039 / Low: 42.7584).

November Spread (Volatile) ±1.6833

January Spread (Stable) ±0.4455

Growth Streaks & Declines

Trends

Between March and June, 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 0.5447 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5447

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 43.9497) against the same month in 2023 (average: 43.0526), the exchange rate shifted by +0.8972 (+2.08%).

2024 Avg (December) 43.9497

2023 Avg (December) 43.0526

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	43.2039	42.7584	42.9374
February	43.4146	42.7174	43.1940
March	43.2188	42.5794	42.8785
April	43.4324	42.7015	43.0858
May	43.4410	42.9057	43.1382
June	43.8387	43.0060	43.4755
July	43.6273	42.5203	42.9792
August	43.0465	41.8638	42.4345
September	42.7609	42.1046	42.3845
October	43.0870	42.6289	42.8764
November	44.1925	42.5092	43.3970
December	44.3673	43.5064	43.9497