2023 BMD to ETB Historical Review

YEARLY HIGH

56.4244 ETB

YEARLY LOW

53.0875 ETB

YEARLY AVERAGE

54.7389 ETB

2023 BMD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BMD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 56.4244. Conversely, the yearly low was recorded on March 18, dropping to 53.0875.

This high-to-low spread represents a total annual volatility of 3.3369 ETB. From a start-to-finish perspective, comparing the January average rate of 53.6365 to the December average rate of 56.1588, 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 56.4244 was up 5.06% compared to the 2022 peak of 53.7057, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 282,122 ETB

2022 Average 259,705 ETB

Yearly Trough Low 265,438 ETB

Transaction Impact: A difference of 16,684.42 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

56.4110

53.3843

JanuMarcMayJulySeptNove

BMD 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 54.0373, compared to 55.4406 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4033 points.

H1 Avg (Jan–Jun) 54.0373

H2 Avg (Jul–Dec) 55.4406

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.9838 ETB (High: 56.1763 / Low: 55.1926). On the other end, September was the most stable month, with a tight range of 0.2686 ETB (High: 55.3422 / Low: 55.0736).

November Spread (Volatile) ±0.9838

September Spread (Stable) ±0.2686

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: 56.1588) against the same month in 2022 (average: 53.5378), the exchange rate shifted by +2.6210 (+4.90%).

2023 Avg (December) 56.1588

2022 Avg (December) 53.5378

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	53.8000	53.4450	53.6365
February	54.0464	53.4490	53.7088
March	53.9108	53.0875	53.7511
April	54.4359	53.5914	54.1743
May	54.6931	54.0949	54.3724
June	54.8344	54.2661	54.5807
July	55.0856	54.5787	54.8273
August	55.3596	54.7041	55.0812
September	55.3422	55.0736	55.2196
October	55.9036	55.3200	55.6102
November	56.1763	55.1926	55.7463
December	56.4244	55.7000	56.1588