2023 ETB to CDF Historical Review

YEARLY HIGH

49.7275 CDF

YEARLY LOW

37.5611 CDF

YEARLY AVERAGE

42.6111 CDF

2023 ETB to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 49.7275. Conversely, the yearly low was recorded on May 15, dropping to 37.5611.

This high-to-low spread represents a total annual volatility of 12.1664 CDF. From a start-to-finish perspective, comparing the January average rate of 38.1966 to the December average rate of 48.4795, the exchange rate registered a net change of 26.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 49.7275 was up 22.05% compared to the 2022 peak of 40.7426, 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 248,638 CDF

2022 Average 194,487 CDF

Yearly Trough Low 187,806 CDF

Transaction Impact: A difference of 60,831.97 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

49.5078

37.1683

JanuMarcMayJulySeptNove

ETB to CDF 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 39.4970, compared to 45.7252 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.2281 points.

H1 Avg (Jan–Jun) 39.4970

H2 Avg (Jul–Dec) 45.7252

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 5.4407 CDF (High: 43.0018 / Low: 37.5611). On the other end, August was the most stable month, with a tight range of 0.6022 CDF (High: 45.1440 / Low: 44.5418).

May Spread (Volatile) ±5.4407

August Spread (Stable) ±0.6022

Growth Streaks & Declines

Trends

Between August and December, 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 July and August, when the average rate fell by 0.0770 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0770

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 48.4795) against the same month in 2022 (average: 38.2088), the exchange rate shifted by +10.2707 (+26.88%).

2023 Avg (December) 48.4795

2022 Avg (December) 38.2088

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.5760	37.7230	38.1966
February	38.7313	38.0076	38.4018
March	38.7588	37.9592	38.4733
April	40.4787	37.5855	38.4183
May	43.0018	37.5611	40.2493
June	44.1392	42.4992	43.2427
July	46.5924	44.0977	45.0328
August	45.1440	44.5418	44.9558
September	45.4070	44.4789	44.9793
October	46.4639	44.4715	45.2842
November	48.4695	44.1739	45.6193
December	49.7275	47.4227	48.4795