2023 BBD to ETB Historical Review

YEARLY HIGH

28.2122 ETB

YEARLY LOW

26.5438 ETB

YEARLY AVERAGE

27.3695 ETB

2023 BBD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BBD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 28.2122. Conversely, the yearly low was recorded on March 18, dropping to 26.5438.

This high-to-low spread represents a total annual volatility of 1.6684 ETB. From a start-to-finish perspective, comparing the January average rate of 26.8183 to the December average rate of 28.0794, 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 28.2122 was up 5.06% compared to the 2022 peak of 26.8529, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 141,061 ETB

2022 Average 129,853 ETB

Yearly Trough Low 132,719 ETB

Transaction Impact: A difference of 8,342.21 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

28.2055

26.6921

JanuMarcMayJulySeptNove

BBD 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 27.0186, compared to 27.7203 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7016 points.

H1 Avg (Jan–Jun) 27.0186

H2 Avg (Jul–Dec) 27.7203

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.4919 ETB (High: 28.0882 / Low: 27.5963). On the other end, September was the most stable month, with a tight range of 0.1343 ETB (High: 27.6711 / Low: 27.5368).

November Spread (Volatile) ±0.4919

September Spread (Stable) ±0.1343

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: 28.0794) against the same month in 2022 (average: 26.7689), the exchange rate shifted by +1.3105 (+4.90%).

2023 Avg (December) 28.0794

2022 Avg (December) 26.7689

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	26.9000	26.7225	26.8183
February	27.0232	26.7245	26.8544
March	26.9554	26.5438	26.8755
April	27.2179	26.7957	27.0871
May	27.3466	27.0474	27.1862
June	27.4172	27.1330	27.2903
July	27.5428	27.2893	27.4137
August	27.6798	27.3521	27.5406
September	27.6711	27.5368	27.6098
October	27.9518	27.6600	27.8051
November	28.0882	27.5963	27.8732
December	28.2122	27.8500	28.0794