2023 UAH to CVE Historical Review

YEARLY HIGH

2.8932 CVE

YEARLY LOW

2.6100 CVE

YEARLY AVERAGE

2.7749 CVE

2023 UAH to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UAH to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 31, valuing the pair at 2.8932. Conversely, the yearly low was recorded on December 28, dropping to 2.6100.

This high-to-low spread represents a total annual volatility of 0.2832 CVE. From a start-to-finish perspective, comparing the January average rate of 2.7880 to the December average rate of 2.7207, the exchange rate registered a net change of -2.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8932 was down 22.06% compared to the 2022 peak of 3.7120, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,466 CVE

2022 Average 16,257 CVE

Yearly Trough Low 13,050 CVE

Transaction Impact: A difference of 1,415.88 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.8776

2.6944

JanuMarcMayJulySeptNove

UAH 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 2.7732, compared to 2.7765 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0034 points.

H1 Avg (Jan–Jun) 2.7732

H2 Avg (Jul–Dec) 2.7765

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.1882 CVE (High: 2.7982 / Low: 2.6100). On the other end, August was the most stable month, with a tight range of 0.0571 CVE (High: 2.7638 / Low: 2.7067).

December Spread (Volatile) ±0.1882

August Spread (Stable) ±0.0571

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 November and December, when the average rate fell by 0.1097 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1097

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 2.8623) against the same month in 2022 (average: 3.0551), the exchange rate shifted by -0.1928 (-6.31%).

2023 Avg (October) 2.8623

2022 Avg (October) 3.0551

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8514	2.7490	2.7880
February	2.8412	2.7316	2.8004
March	2.8335	2.7471	2.7974
April	2.7697	2.6996	2.7351
May	2.8002	2.7112	2.7552
June	2.8362	2.7281	2.7630
July	2.7527	2.6519	2.7096
August	2.7638	2.7067	2.7389
September	2.8359	2.7526	2.7974
October	2.8932	2.8171	2.8623
November	2.8923	2.7640	2.8304
December	2.7982	2.6100	2.7207