2023 XCD to CVE Historical Review

YEARLY HIGH

39.0151 CVE

YEARLY LOW

36.2526 CVE

YEARLY AVERAGE

37.7772 CVE

2023 XCD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the XCD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 39.0151. Conversely, the yearly low was recorded on July 18, dropping to 36.2526.

This high-to-low spread represents a total annual volatility of 2.7625 CVE. From a start-to-finish perspective, comparing the January average rate of 37.9221 to the December average rate of 37.4353, the exchange rate registered a net change of -1.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 39.0151 was down 9.78% compared to the 2022 peak of 43.2462, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 195,076 CVE

2022 Average 194,479 CVE

Yearly Trough Low 181,263 CVE

Transaction Impact: A difference of 13,812.67 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

38.8319

36.7678

JanuMarcMayJulySeptNove

XCD 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 37.8051, compared to 37.7493 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0558 points.

H1 Avg (Jan–Jun) 37.8051

H2 Avg (Jul–Dec) 37.7493

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.6299 CVE (High: 38.8337 / Low: 37.2038). On the other end, October was the most stable month, with a tight range of 0.6363 CVE (High: 39.0151 / Low: 38.3789).

November Spread (Volatile) ±1.6299

October Spread (Stable) ±0.6363

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 0.8770 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.8770

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 38.6599) against the same month in 2022 (average: 41.7219), the exchange rate shifted by -3.0620 (-7.34%).

2023 Avg (October) 38.6599

2022 Avg (October) 41.7219

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.7985	37.5190	37.9221
February	38.6369	37.3296	38.1377
March	38.7145	37.4687	38.1377
April	37.6015	36.7405	37.2606
May	38.2232	37.0560	37.6168
June	38.7782	37.2912	37.7557
July	37.6219	36.2526	36.9398
August	37.7904	36.9974	37.4132
September	38.7642	37.6184	38.2139
October	39.0151	38.3789	38.6599
November	38.8337	37.2038	37.8337
December	38.2509	36.8377	37.4353