2024 UAH to CVE Historical Review

YEARLY HIGH

2.7324 CVE

YEARLY LOW

2.3831 CVE

YEARLY AVERAGE

2.5422 CVE

2024 UAH to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the UAH to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 2.7324. Conversely, the yearly low was recorded on September 20, dropping to 2.3831.

This high-to-low spread represents a total annual volatility of 0.3493 CVE. From a start-to-finish perspective, comparing the January average rate of 2.6727 to the December average rate of 2.5191, the exchange rate registered a net change of -5.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.7324 was down 5.56% compared to the 2023 peak of 2.8932, 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 13,662 CVE

2023 Average 13,873 CVE

Yearly Trough Low 11,916 CVE

Transaction Impact: A difference of 1,746.57 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.7206

2.3799

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 2.6169, compared to 2.4675 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1494 points.

H1 Avg (Jan–Jun) 2.6169

H2 Avg (Jul–Dec) 2.4675

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1252 CVE (High: 2.6333 / Low: 2.5081). On the other end, December was the most stable month, with a tight range of 0.0312 CVE (High: 2.5338 / Low: 2.5027).

May Spread (Volatile) ±0.1252

December Spread (Stable) ±0.0312

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 February and March, when the average rate fell by 0.0689 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0689

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 2.6922) against the same month in 2023 (average: 2.8004), the exchange rate shifted by -0.1082 (-3.86%).

2024 Avg (February) 2.6922

2023 Avg (February) 2.8004

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7149	2.6182	2.6727
February	2.7324	2.6455	2.6922
March	2.6802	2.5940	2.6233
April	2.6343	2.5863	2.6088
May	2.6333	2.5081	2.5712
June	2.5516	2.5059	2.5328
July	2.5355	2.4316	2.4802
August	2.4925	2.3921	2.4363
September	2.4334	2.3831	2.4083
October	2.4817	2.4099	2.4544
November	2.5609	2.4403	2.5063
December	2.5338	2.5027	2.5191