2023 ETB to AFN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ETB to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ETB to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 7, valuing the pair at 1.6943. Conversely, the yearly low was recorded on November 22, dropping to 1.2297.
This high-to-low spread represents a total annual volatility of 0.4646 AFN. From a start-to-finish perspective, comparing the January average rate of 1.6566 to the December average rate of 1.2456, the exchange rate registered a net change of -24.81% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 1.6943 was down 20.43% compared to the 2022 peak of 2.1294, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ETB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
ETB to AFN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.6255, compared to 1.4017 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2237 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 0.1462 AFN (High: 1.4742 / Low: 1.3280). On the other end, December was the most stable month, with a tight range of 0.0319 AFN (High: 1.2657 / Low: 1.2338).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.1210 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 1.6693) against the same month in 2022 (average: 1.8474), the exchange rate shifted by -0.1782 (-9.64%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.6789 | 1.6350 | 1.6566 |
| February | 1.6943 | 1.6330 | 1.6693 |
| March | 1.6645 | 1.5876 | 1.6300 |
| April | 1.6850 | 1.5763 | 1.5992 |
| May | 1.6330 | 1.5927 | 1.6090 |
| June | 1.6096 | 1.5612 | 1.5887 |
| July | 1.6026 | 1.5550 | 1.5799 |
| August | 1.5790 | 1.4696 | 1.5328 |
| September | 1.4742 | 1.3280 | 1.4118 |
| October | 1.4111 | 1.3170 | 1.3583 |
| November | 1.3399 | 1.2297 | 1.2820 |
| December | 1.2657 | 1.2338 | 1.2456 |