2023 CAD to ETB Historical Review

YEARLY HIGH

42.7425 ETB

YEARLY LOW

38.5488 ETB

YEARLY AVERAGE

40.5508 ETB

2023 CAD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CAD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 42.7425. Conversely, the yearly low was recorded on March 18, dropping to 38.5488.

This high-to-low spread represents a total annual volatility of 4.1936 ETB. From a start-to-finish perspective, comparing the January average rate of 39.9684 to the December average rate of 41.8807, the exchange rate registered a net change of 4.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 42.7425 was up 3.23% compared to the 2022 peak of 41.4053, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 213,712 ETB

2022 Average 199,558 ETB

Yearly Trough Low 192,744 ETB

Transaction Impact: A difference of 20,968.11 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

42.1452

38.9701

JanuMarcMayJulySeptNove

CAD 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 40.0772, compared to 41.0244 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9472 points.

H1 Avg (Jan–Jun) 40.0772

H2 Avg (Jul–Dec) 41.0244

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 1.7507 ETB (High: 42.7425 / Low: 40.9917). On the other end, July was the most stable month, with a tight range of 0.7187 ETB (High: 41.7693 / Low: 41.0506).

December Spread (Volatile) ±1.7507

July Spread (Stable) ±0.7187

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 February and March, when the average rate fell by 0.6761 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.6761

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 41.8807) against the same month in 2022 (average: 39.3507), the exchange rate shifted by +2.5300 (+6.43%).

2023 Avg (December) 41.8807

2022 Avg (December) 39.3507

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	40.3199	39.2143	39.9684
February	40.4279	39.4154	39.9108
March	39.8647	38.5488	39.2347
April	40.6882	39.5180	40.0809
May	40.7060	39.6925	40.1914
June	41.6187	40.4811	41.0771
July	41.7693	41.0506	41.4421
August	41.4260	40.4215	40.8483
September	41.1131	40.3425	40.7521
October	41.0508	40.1248	40.5530
November	41.4369	40.2464	40.6700
December	42.7425	40.9917	41.8807