2023 BRL to ETB Historical Review

YEARLY HIGH

11.7147 ETB

YEARLY LOW

9.7856 ETB

YEARLY AVERAGE

10.9713 ETB

2023 BRL to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BRL to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 11.7147. Conversely, the yearly low was recorded on January 3, dropping to 9.7856.

This high-to-low spread represents a total annual volatility of 1.9291 ETB. From a start-to-finish perspective, comparing the January average rate of 10.3424 to the December average rate of 11.4688, the exchange rate registered a net change of 10.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 11.7147 was up 4.52% compared to the 2022 peak of 11.2084, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 BRL based on timing:

Yearly Peak High 292,868 ETB

2022 Average 251,973 ETB

Yearly Trough Low 244,640 ETB

Transaction Impact: A difference of 48,228.04 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.5841

10.2005

JanuMarcMayJulySeptNove

BRL 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 10.6682, compared to 11.2745 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6063 points.

H1 Avg (Jan–Jun) 10.6682

H2 Avg (Jul–Dec) 11.2745

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.7977 ETB (High: 10.5833 / Low: 9.7856). On the other end, November was the most stable month, with a tight range of 0.2553 ETB (High: 11.4926 / Low: 11.2373).

January Spread (Volatile) ±0.7977

November Spread (Stable) ±0.2553

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.2033 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2033

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 11.4688) against the same month in 2022 (average: 10.2051), the exchange rate shifted by +1.2638 (+12.38%).

2023 Avg (December) 11.4688

2022 Avg (December) 10.2051

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.5833	9.7856	10.3424
February	10.6171	10.1378	10.3703
March	10.6452	10.0556	10.3158
April	11.0472	10.6305	10.8038
May	11.1350	10.7490	10.9266
June	11.4981	10.8860	11.2502
July	11.6414	11.1510	11.4269
August	11.4694	11.0386	11.2236
September	11.3808	10.9691	11.1660
October	11.1725	10.7492	10.9860
November	11.4926	11.2373	11.3754
December	11.7147	11.3030	11.4688