2023 ETB to BRL Historical Review

YEARLY HIGH

0.1022 BRL

YEARLY LOW

0.0854 BRL

YEARLY AVERAGE

0.0913 BRL

2023 ETB to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.1022. Conversely, the yearly low was recorded on December 26, dropping to 0.0854.

This high-to-low spread represents a total annual volatility of 0.0168 BRL. From a start-to-finish perspective, comparing the January average rate of 0.0967 to the December average rate of 0.0872, the exchange rate registered a net change of -9.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1022 was down 11.39% compared to the 2022 peak of 0.1153, 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 511 BRL

2022 Average 497 BRL

Yearly Trough Low 427 BRL

Transaction Impact: A difference of 84.14 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0979

0.0862

JanuMarcMayJulySeptNove

ETB to BRL 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 0.0939, compared to 0.0887 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0051 points.

H1 Avg (Jan–Jun) 0.0939

H2 Avg (Jul–Dec) 0.0887

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0077 BRL (High: 0.1022 / Low: 0.0945). On the other end, November was the most stable month, with a tight range of 0.0020 BRL (High: 0.0890 / Low: 0.0870).

January Spread (Volatile) ±0.0077

November Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0044 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0044

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0967) against the same month in 2022 (average: 0.1114), the exchange rate shifted by -0.0146 (-13.15%).

2023 Avg (January) 0.0967

2022 Avg (January) 0.1114

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1022	0.0945	0.0967
February	0.0986	0.0942	0.0964
March	0.0994	0.0939	0.0970
April	0.0941	0.0905	0.0926
May	0.0930	0.0898	0.0915
June	0.0919	0.0870	0.0889
July	0.0897	0.0859	0.0875
August	0.0906	0.0872	0.0891
September	0.0912	0.0879	0.0896
October	0.0930	0.0895	0.0910
November	0.0890	0.0870	0.0879
December	0.0885	0.0854	0.0872