2023 ETB to GMD Historical Review

YEARLY HIGH

1.2100 GMD

YEARLY LOW

1.0821 GMD

YEARLY AVERAGE

1.1378 GMD

2023 ETB to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 1.2100. Conversely, the yearly low was recorded on July 25, dropping to 1.0821.

This high-to-low spread represents a total annual volatility of 0.1278 GMD. From a start-to-finish perspective, comparing the January average rate of 1.1564 to the December average rate of 1.1993, the exchange rate registered a net change of 3.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.2100 was up 3.51% compared to the 2022 peak of 1.1690, 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 6,050 GMD

2022 Average 5,330 GMD

Yearly Trough Low 5,411 GMD

Transaction Impact: A difference of 639.24 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.2112

1.0766

JanuMarcMayJulySeptNove

ETB to GMD 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 1.1278, compared to 1.1477 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0199 points.

H1 Avg (Jan–Jun) 1.1278

H2 Avg (Jul–Dec) 1.1477

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0842 GMD (High: 1.1765 / Low: 1.0923). On the other end, July was the most stable month, with a tight range of 0.0117 GMD (High: 1.0938 / Low: 1.0821).

September Spread (Volatile) ±0.0842

July Spread (Stable) ±0.0117

Growth Streaks & Declines

Trends

Between July and November, 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 April and May, when the average rate fell by 0.0423 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0423

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 1.2000) against the same month in 2022 (average: 1.1510), the exchange rate shifted by +0.0490 (+4.26%).

2023 Avg (November) 1.2000

2022 Avg (November) 1.1510

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1667	1.1402	1.1564
February	1.1479	1.1314	1.1376
March	1.1585	1.1343	1.1421
April	1.1545	1.1073	1.1417
May	1.1105	1.0897	1.0994
June	1.0964	1.0837	1.0898
July	1.0938	1.0821	1.0878
August	1.1061	1.0907	1.0999
September	1.1765	1.0923	1.1194
October	1.1876	1.1553	1.1799
November	1.2100	1.1660	1.2000
December	1.2083	1.1874	1.1993