2023 DOP to ETB Historical Review

YEARLY HIGH

0.9997 ETB

YEARLY LOW

0.9392 ETB

YEARLY AVERAGE

0.9778 ETB

2023 DOP to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DOP to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on May 20, valuing the pair at 0.9997. Conversely, the yearly low was recorded on February 4, dropping to 0.9392.

This high-to-low spread represents a total annual volatility of 0.0606 ETB. From a start-to-finish perspective, comparing the January average rate of 0.9478 to the December average rate of 0.9796, the exchange rate registered a net change of 3.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9997 was up 0.30% compared to the 2022 peak of 0.9968, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,999 ETB

2022 Average 4,729 ETB

Yearly Trough Low 4,696 ETB

Transaction Impact: A difference of 302.77 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0020

0.9429

JanuMarcMayJulySeptNove

DOP 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 0.9774, compared to 0.9782 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.9774

H2 Avg (Jul–Dec) 0.9782

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0284 ETB (High: 0.9676 / Low: 0.9392). On the other end, September was the most stable month, with a tight range of 0.0041 ETB (High: 0.9746 / Low: 0.9705).

February Spread (Volatile) ±0.0284

September Spread (Stable) ±0.0041

Growth Streaks & Declines

Trends

Between January and May, 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 June and July, when the average rate fell by 0.0121 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0121

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.9971) against the same month in 2022 (average: 0.9363), the exchange rate shifted by +0.0608 (+6.49%).

2023 Avg (May) 0.9971

2022 Avg (May) 0.9363

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9534	0.9423	0.9478
February	0.9676	0.9392	0.9561
March	0.9836	0.9679	0.9782
April	0.9978	0.9824	0.9904
May	0.9997	0.9921	0.9971
June	0.9995	0.9864	0.9947
July	0.9956	0.9742	0.9825
August	0.9800	0.9688	0.9727
September	0.9746	0.9705	0.9729
October	0.9825	0.9737	0.9791
November	0.9876	0.9737	0.9823
December	0.9890	0.9689	0.9796