2023 ARS to ETB Historical Review

YEARLY HIGH

0.3034 ETB

YEARLY LOW

0.0695 ETB

YEARLY AVERAGE

0.2087 ETB

2023 ARS to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ARS to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.3034. Conversely, the yearly low was recorded on December 28, dropping to 0.0695.

This high-to-low spread represents a total annual volatility of 0.2339 ETB. From a start-to-finish perspective, comparing the January average rate of 0.2947 to the December average rate of 0.1027, the exchange rate registered a net change of -65.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3034 was down 37.00% compared to the 2022 peak of 0.4816, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,517 ETB

2022 Average 2,034 ETB

Yearly Trough Low 347 ETB

Transaction Impact: A difference of 1,169.51 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3139

0.0835

JanuMarcMayJulySeptNove

ARS 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 0.2580, compared to 0.1595 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0985 points.

H1 Avg (Jan–Jun) 0.2580

H2 Avg (Jul–Dec) 0.1595

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0863 ETB (High: 0.1558 / Low: 0.0695). On the other end, September was the most stable month, with a tight range of 0.0007 ETB (High: 0.1581 / Low: 0.1574).

December Spread (Volatile) ±0.0863

September Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0551 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0551

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2947) against the same month in 2022 (average: 0.4773), the exchange rate shifted by -0.1826 (-38.26%).

2023 Avg (January) 0.2947

2022 Avg (January) 0.4773

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3034	0.2870	0.2947
February	0.2873	0.2728	0.2801
March	0.2721	0.2585	0.2655
April	0.2588	0.2420	0.2518
May	0.2438	0.2270	0.2357
June	0.2274	0.2129	0.2200
July	0.2144	0.1997	0.2064
August	0.1991	0.1570	0.1733
September	0.1581	0.1574	0.1578
October	0.1597	0.1580	0.1589
November	0.1595	0.1547	0.1578
December	0.1558	0.0695	0.1027