2023 CRC to ETB Historical Review

YEARLY HIGH

0.1084 ETB

YEARLY LOW

0.0906 ETB

YEARLY AVERAGE

0.1012 ETB

2023 CRC to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CRC to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.1084. Conversely, the yearly low was recorded on January 2, dropping to 0.0906.

This high-to-low spread represents a total annual volatility of 0.0178 ETB. From a start-to-finish perspective, comparing the January average rate of 0.0934 to the December average rate of 0.1069, the exchange rate registered a net change of 14.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1084 was up 17.50% compared to the 2022 peak of 0.0923, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 542 ETB

2022 Average 403 ETB

Yearly Trough Low 453 ETB

Transaction Impact: A difference of 89.03 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1083

0.0920

JanuMarcMayJulySeptNove

CRC 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 0.0984, compared to 0.1039 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0055 points.

H1 Avg (Jan–Jun) 0.0984

H2 Avg (Jul–Dec) 0.1039

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0066 ETB (High: 0.0972 / Low: 0.0906). On the other end, June was the most stable month, with a tight range of 0.0014 ETB (High: 0.1018 / Low: 0.1004).

January Spread (Volatile) ±0.0066

June Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0001 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.1069) against the same month in 2022 (average: 0.0908), the exchange rate shifted by +0.0161 (+17.76%).

2023 Avg (December) 0.1069

2022 Avg (December) 0.0908

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0972	0.0906	0.0934
February	0.0973	0.0922	0.0951
March	0.0999	0.0962	0.0985
April	0.1024	0.0998	0.1012
May	0.1021	0.0997	0.1012
June	0.1018	0.1004	0.1011
July	0.1028	0.1002	0.1015
August	0.1034	0.1006	0.1023
September	0.1043	0.1024	0.1031
October	0.1055	0.1034	0.1046
November	0.1060	0.1044	0.1051
December	0.1084	0.1052	0.1069