2023 AZN to ETB Historical Review

YEARLY HIGH

33.1908 ETB

YEARLY LOW

31.2280 ETB

YEARLY AVERAGE

32.1977 ETB

2023 AZN to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AZN to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 33.1908. Conversely, the yearly low was recorded on March 18, dropping to 31.2280.

This high-to-low spread represents a total annual volatility of 1.9629 ETB. From a start-to-finish perspective, comparing the January average rate of 31.5505 to the December average rate of 33.0346, the exchange rate registered a net change of 4.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 33.1908 was up 5.06% compared to the 2022 peak of 31.5916, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 165,954 ETB

2022 Average 152,769 ETB

Yearly Trough Low 156,140 ETB

Transaction Impact: A difference of 9,814.36 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

33.1830

31.4021

JanuMarcMayJulySeptNove

AZN 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 31.7849, compared to 32.6104 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8255 points.

H1 Avg (Jan–Jun) 31.7849

H2 Avg (Jul–Dec) 32.6104

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.5787 ETB (High: 33.0449 / Low: 32.4662). On the other end, September was the most stable month, with a tight range of 0.1580 ETB (High: 32.5542 / Low: 32.3962).

November Spread (Volatile) ±0.5787

September Spread (Stable) ±0.1580

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 33.0346) against the same month in 2022 (average: 31.4928), the exchange rate shifted by +1.5418 (+4.90%).

2023 Avg (December) 33.0346

2022 Avg (December) 31.4928

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.6471	31.4382	31.5505
February	31.7920	31.4406	31.5934
March	31.7118	31.2280	31.6118
April	32.0211	31.5243	31.8672
May	32.1724	31.8205	31.9838
June	32.2555	31.9212	32.1029
July	32.4033	32.0160	32.2481
August	32.5644	32.1789	32.4007
September	32.5542	32.3962	32.4821
October	32.8845	32.5412	32.7119
November	33.0449	32.4662	32.7852
December	33.1908	32.7647	33.0346