2023 WST to CVE Historical Review

YEARLY HIGH

38.8705 CVE

YEARLY LOW

35.5556 CVE

YEARLY AVERAGE

37.3796 CVE

2023 WST to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the WST to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 38.8705. Conversely, the yearly low was recorded on December 29, dropping to 35.5556.

This high-to-low spread represents a total annual volatility of 3.3148 CVE. From a start-to-finish perspective, comparing the January average rate of 37.9923 to the December average rate of 36.1324, the exchange rate registered a net change of -4.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 38.8705 was down 7.49% compared to the 2022 peak of 42.0181, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 194,352 CVE

2022 Average 196,411 CVE

Yearly Trough Low 177,778 CVE

Transaction Impact: A difference of 16,574.10 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

38.4160

35.9248

JanuMarcMayJulySeptNove

WST 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 37.6802, compared to 37.0790 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6011 points.

H1 Avg (Jan–Jun) 37.6802

H2 Avg (Jul–Dec) 37.0790

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 1.7431 CVE (High: 38.7862 / Low: 37.0432). On the other end, August was the most stable month, with a tight range of 0.7883 CVE (High: 37.5686 / Low: 36.7803).

October Spread (Volatile) ±1.7431

August Spread (Stable) ±0.7883

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 October and November, when the average rate fell by 1.4836 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.4836

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 37.9923) against the same month in 2022 (average: 37.5586), the exchange rate shifted by +0.4338 (+1.15%).

2023 Avg (January) 37.9923

2022 Avg (January) 37.5586

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.8705	37.5886	37.9923
February	38.7085	37.3988	38.2084
March	38.7862	37.2664	38.1959
April	37.2848	36.4310	36.9467
May	37.9012	36.7438	37.2999
June	38.4515	36.9771	37.4377
July	37.3049	35.9472	36.6408
August	37.5686	36.7803	37.1937
September	38.5368	37.3977	37.9897
October	38.7862	37.0432	38.0006
November	37.4821	35.9089	36.5170
December	36.9196	35.5556	36.1324