2023 ETB to CNY Historical Review

YEARLY HIGH

0.1332 CNY

YEARLY LOW

0.1246 CNY

YEARLY AVERAGE

0.1292 CNY

2023 ETB to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 0.1332. Conversely, the yearly low was recorded on January 13, dropping to 0.1246.

This high-to-low spread represents a total annual volatility of 0.0086 CNY. From a start-to-finish perspective, comparing the January average rate of 0.1266 to the December average rate of 0.1268, the exchange rate registered a net change of 0.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1332 was down 3.68% compared to the 2022 peak of 0.1383, 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 666 CNY

2022 Average 648 CNY

Yearly Trough Low 623 CNY

Transaction Impact: A difference of 43.08 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1326

0.1261

JanuMarcMayJulySeptNove

ETB to CNY 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 0.1282, compared to 0.1302 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 0.1282

H2 Avg (Jul–Dec) 0.1302

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0053 CNY (High: 0.1314 / Low: 0.1261). On the other end, September was the most stable month, with a tight range of 0.0020 CNY (High: 0.1332 / Low: 0.1312).

November Spread (Volatile) ±0.0053

September Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0025 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.1321) against the same month in 2022 (average: 0.1331), the exchange rate shifted by -0.0010 (-0.78%).

2023 Avg (September) 0.1321

2022 Avg (September) 0.1331

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1290	0.1246	0.1266
February	0.1294	0.1254	0.1274
March	0.1297	0.1268	0.1282
April	0.1290	0.1264	0.1271
May	0.1309	0.1270	0.1285
June	0.1329	0.1292	0.1311
July	0.1329	0.1292	0.1311
August	0.1325	0.1301	0.1314
September	0.1332	0.1312	0.1321
October	0.1323	0.1286	0.1308
November	0.1314	0.1261	0.1293
December	0.1284	0.1255	0.1268