2023 ETB to HKD Historical Review

YEARLY HIGH

0.1479 HKD

YEARLY LOW

0.1383 HKD

YEARLY AVERAGE

0.1431 HKD

2023 ETB to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.1479. Conversely, the yearly low was recorded on December 17, dropping to 0.1383.

This high-to-low spread represents a total annual volatility of 0.0096 HKD. From a start-to-finish perspective, comparing the January average rate of 0.1458 to the December average rate of 0.1391, the exchange rate registered a net change of -4.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1479 was down 6.78% compared to the 2022 peak of 0.1586, 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 739 HKD

2022 Average 754 HKD

Yearly Trough Low 692 HKD

Transaction Impact: A difference of 47.83 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1468

0.1384

JanuMarcMayJulySeptNove

ETB to HKD 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 0.1451, compared to 0.1410 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0040 points.

H1 Avg (Jan–Jun) 0.1451

H2 Avg (Jul–Dec) 0.1410

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0028 HKD (High: 0.1418 / Low: 0.1389). On the other end, September was the most stable month, with a tight range of 0.0009 HKD (High: 0.1423 / Low: 0.1414).

November Spread (Volatile) ±0.0028

September Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

No 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 0.0011 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.1460) against the same month in 2022 (average: 0.1529), the exchange rate shifted by -0.0069 (-4.52%).

2023 Avg (March) 0.1460

2022 Avg (March) 0.1529

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1464	0.1452	0.1458
February	0.1468	0.1452	0.1461
March	0.1479	0.1456	0.1460
April	0.1465	0.1442	0.1449
May	0.1451	0.1432	0.1441
June	0.1443	0.1428	0.1435
July	0.1435	0.1418	0.1426
August	0.1428	0.1412	0.1421
September	0.1423	0.1414	0.1418
October	0.1414	0.1399	0.1407
November	0.1418	0.1389	0.1400
December	0.1403	0.1383	0.1391