2023 ETB to AMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ETB to AMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ETB to AMD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 5, valuing the pair at 7.6998. Conversely, the yearly low was recorded on September 23, dropping to 6.9482.
This high-to-low spread represents a total annual volatility of 0.7516 AMD. From a start-to-finish perspective, comparing the January average rate of 7.3744 to the December average rate of 7.2012, the exchange rate registered a net change of -2.35% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 7.6998 was down 24.11% compared to the 2022 peak of 10.1460, 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 AMD 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 7.2148, compared to 7.1257 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0891 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was October, with a trading range of 0.5865 AMD (High: 7.6998 / Low: 7.1133). On the other end, March was the most stable month, with a tight range of 0.0633 AMD (High: 7.2617 / Low: 7.1984).
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 February and March, when the average rate fell by 0.1149 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 7.2651) against the same month in 2022 (average: 7.6426), the exchange rate shifted by -0.3775 (-4.94%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.4057 | 7.3143 | 7.3744 |
| February | 7.4492 | 7.2346 | 7.3371 |
| March | 7.2617 | 7.1984 | 7.2222 |
| April | 7.2310 | 7.0876 | 7.1667 |
| May | 7.1737 | 7.0528 | 7.1099 |
| June | 7.1233 | 7.0450 | 7.0785 |
| July | 7.1260 | 7.0188 | 7.0660 |
| August | 7.0577 | 6.9839 | 7.0160 |
| September | 7.1888 | 6.9482 | 6.9971 |
| October | 7.6998 | 7.1133 | 7.2651 |
| November | 7.2428 | 7.1649 | 7.2087 |
| December | 7.2796 | 7.1482 | 7.2012 |