2023 AFN to ETB Historical Review

YEARLY HIGH

0.8132 ETB

YEARLY LOW

0.5902 ETB

YEARLY AVERAGE

0.6673 ETB

2023 AFN to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 0.8132. Conversely, the yearly low was recorded on February 7, dropping to 0.5902.

This high-to-low spread represents a total annual volatility of 0.2230 ETB. From a start-to-finish perspective, comparing the January average rate of 0.6037 to the December average rate of 0.8029, the exchange rate registered a net change of 33.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8132 was up 30.92% compared to the 2022 peak of 0.6212, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,066 ETB

2022 Average 2,895 ETB

Yearly Trough Low 2,951 ETB

Transaction Impact: A difference of 1,114.94 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8232

0.5787

JanuMarcMayJulySeptNove

AFN to ETB 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 0.6155, compared to 0.7191 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1036 points.

H1 Avg (Jan–Jun) 0.6155

H2 Avg (Jul–Dec) 0.7191

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0747 ETB (High: 0.7530 / Low: 0.6783). On the other end, May was the most stable month, with a tight range of 0.0155 ETB (High: 0.6279 / Low: 0.6124).

September Spread (Volatile) ±0.0747

May Spread (Stable) ±0.0155

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0045 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.7807) against the same month in 2022 (average: 0.6045), the exchange rate shifted by +0.1762 (+29.15%).

2023 Avg (November) 0.7807

2022 Avg (November) 0.6045

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6116	0.5956	0.6037
February	0.6124	0.5902	0.5991
March	0.6299	0.6008	0.6136
April	0.6344	0.5935	0.6254
May	0.6279	0.6124	0.6215
June	0.6405	0.6213	0.6295
July	0.6431	0.6240	0.6330
August	0.6805	0.6333	0.6526
September	0.7530	0.6783	0.7088
October	0.7593	0.7087	0.7364
November	0.8132	0.7463	0.7807
December	0.8105	0.7901	0.8029