2023 ETB to AZN Historical Review

YEARLY HIGH

0.0320 AZN

YEARLY LOW

0.0301 AZN

YEARLY AVERAGE

0.0311 AZN

2023 ETB to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.0320. Conversely, the yearly low was recorded on December 30, dropping to 0.0301.

This high-to-low spread represents a total annual volatility of 0.0019 AZN. From a start-to-finish perspective, comparing the January average rate of 0.0317 to the December average rate of 0.0303, the exchange rate registered a net change of -4.49% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0320 was down 7.42% compared to the 2022 peak of 0.0346, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 160 AZN

2022 Average 164 AZN

Yearly Trough Low 151 AZN

Transaction Impact: A difference of 9.47 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0318

0.0301

JanuMarcMayJulySeptNove

ETB to AZN 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 0.0315, compared to 0.0307 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.0315

H2 Avg (Jul–Dec) 0.0307

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0005 AZN (High: 0.0308 / Low: 0.0303). On the other end, September was the most stable month, with a tight range of 0.0001 AZN (High: 0.0309 / Low: 0.0307).

November Spread (Volatile) ±0.0005

September Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0003 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0316) against the same month in 2022 (average: 0.0332), the exchange rate shifted by -0.0016 (-4.81%).

2023 Avg (March) 0.0316

2022 Avg (March) 0.0332

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0318	0.0316	0.0317
February	0.0318	0.0315	0.0317
March	0.0320	0.0315	0.0316
April	0.0317	0.0312	0.0314
May	0.0314	0.0311	0.0313
June	0.0313	0.0310	0.0312
July	0.0312	0.0309	0.0310
August	0.0311	0.0307	0.0309
September	0.0309	0.0307	0.0308
October	0.0307	0.0304	0.0306
November	0.0308	0.0303	0.0305
December	0.0305	0.0301	0.0303