2023 ETB to IDR Historical Review

YEARLY HIGH

291.2737 IDR

YEARLY LOW

269.7202 IDR

YEARLY AVERAGE

278.4497 IDR

2023 ETB to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 291.2737. Conversely, the yearly low was recorded on May 7, dropping to 269.7202.

This high-to-low spread represents a total annual volatility of 21.5536 IDR. From a start-to-finish perspective, comparing the January average rate of 284.1880 to the December average rate of 275.7048, the exchange rate registered a net change of -2.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 291.2737 was down 2.31% compared to the 2022 peak of 298.1573, 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 1,456,369 IDR

2022 Average 1,429,378 IDR

Yearly Trough Low 1,348,601 IDR

Transaction Impact: A difference of 107,767.93 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

285.7613

271.8918

JanuMarcMayJulySeptNove

ETB to IDR 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 278.7626, compared to 278.1367 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6259 points.

H1 Avg (Jan–Jun) 278.7626

H2 Avg (Jul–Dec) 278.1367

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 12.6023 IDR (High: 291.2737 / Low: 278.6714). On the other end, June was the most stable month, with a tight range of 4.6822 IDR (High: 276.3122 / Low: 271.6300).

January Spread (Volatile) ±12.6023

June Spread (Stable) ±4.6822

Growth Streaks & Declines

Trends

Between May and October, 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 March and April, when the average rate fell by 10.0863 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -10.0863

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 284.1880) against the same month in 2022 (average: 289.0164), the exchange rate shifted by -4.8283 (-1.67%).

2023 Avg (January) 284.1880

2022 Avg (January) 289.0164

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	291.2737	278.6714	284.1880
February	283.9871	277.5771	282.3669
March	289.6325	277.7115	284.6055
April	278.5566	270.2410	274.5192
May	276.3923	269.7202	273.0476
June	276.3122	271.6300	273.8486
July	277.6917	272.3053	274.6715
August	279.7778	274.8571	277.1617
September	281.5366	275.4487	278.4398
October	287.0252	277.3690	283.4031
November	285.7029	275.7791	279.4393
December	279.2361	272.7561	275.7048