2023 BND to ETB Historical Review

YEARLY HIGH

42.6851 ETB

YEARLY LOW

39.7053 ETB

YEARLY AVERAGE

40.7756 ETB

2023 BND to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 42.6851. Conversely, the yearly low was recorded on March 11, dropping to 39.7053.

This high-to-low spread represents a total annual volatility of 2.9798 ETB. From a start-to-finish perspective, comparing the January average rate of 40.4236 to the December average rate of 42.1531, the exchange rate registered a net change of 4.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 42.6851 was up 7.05% compared to the 2022 peak of 39.8747, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 213,425 ETB

2022 Average 188,381 ETB

Yearly Trough Low 198,527 ETB

Transaction Impact: A difference of 14,898.96 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

42.3563

39.9177

JanuMarcMayJulySeptNove

BND 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 40.4618, compared to 41.0893 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6275 points.

H1 Avg (Jan–Jun) 40.4618

H2 Avg (Jul–Dec) 41.0893

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 1.4762 ETB (High: 41.6829 / Low: 40.2067). On the other end, October was the most stable month, with a tight range of 0.5727 ETB (High: 40.8899 / Low: 40.3173).

July Spread (Volatile) ±1.4762

October Spread (Stable) ±0.5727

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.3022 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 42.1531) against the same month in 2022 (average: 39.6018), the exchange rate shifted by +2.5513 (+6.44%).

2023 Avg (December) 42.1531

2022 Avg (December) 39.6018

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	40.8787	39.7707	40.4236
February	40.9593	39.8463	40.3279
March	40.5997	39.7053	40.1209
April	41.0855	40.4494	40.7276
May	41.0793	40.1200	40.6117
June	40.8416	40.2067	40.5590
July	41.6829	40.2067	41.0879
August	41.2119	40.4402	40.7857
September	40.9239	40.3177	40.5335
October	40.8899	40.3173	40.6299
November	42.0183	40.6279	41.3460
December	42.6851	41.6031	42.1531