2023 ETB to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ETB to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ETB to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 164.5629. Conversely, the yearly low was recorded on December 26, dropping to 151.7526.
This high-to-low spread represents a total annual volatility of 12.8103 GNF. From a start-to-finish perspective, comparing the January average rate of 161.5802 to the December average rate of 153.1757, the exchange rate registered a net change of -5.20% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 164.5629 was down 13.26% compared to the 2022 peak of 189.7253, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ETB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
ETB to GNF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 159.7725, compared to 155.2081 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.5644 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 4.9774 GNF (High: 164.0261 / Low: 159.0487). On the other end, September was the most stable month, with a tight range of 1.8866 GNF (High: 157.1534 / Low: 155.2668).
Growth Streaks & Declines
TrendsNo 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 1.9293 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 161.5802) against the same month in 2022 (average: 183.4285), the exchange rate shifted by -21.8483 (-11.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 164.5629 | 160.4507 | 161.5802 |
| February | 164.0261 | 159.0487 | 160.9644 |
| March | 163.6600 | 159.7358 | 160.6822 |
| April | 160.4824 | 157.6901 | 158.7530 |
| May | 159.6569 | 157.4466 | 158.6227 |
| June | 159.2163 | 156.8639 | 158.0324 |
| July | 158.4277 | 156.1809 | 156.9870 |
| August | 158.0498 | 155.4102 | 156.3351 |
| September | 157.1534 | 155.2668 | 155.8266 |
| October | 155.9964 | 153.3561 | 154.6589 |
| November | 155.7156 | 152.9404 | 154.2652 |
| December | 154.4883 | 151.7526 | 153.1757 |