2023 ETB to INR Historical Review

YEARLY HIGH

1.5547 INR

YEARLY LOW

1.4719 INR

YEARLY AVERAGE

1.5087 INR

2023 ETB to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 1.5547. Conversely, the yearly low was recorded on December 17, dropping to 1.4719.

This high-to-low spread represents a total annual volatility of 0.0828 INR. From a start-to-finish perspective, comparing the January average rate of 1.5237 to the December average rate of 1.4823, the exchange rate registered a net change of -2.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.5547 was down 1.26% compared to the 2022 peak of 1.5746, 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 7,774 INR

2022 Average 7,565 INR

Yearly Trough Low 7,359 INR

Transaction Impact: A difference of 414.21 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.5441

1.4767

JanuMarcMayJulySeptNove

ETB to INR 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 1.5208, compared to 1.4966 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0242 points.

H1 Avg (Jan–Jun) 1.5208

H2 Avg (Jul–Dec) 1.4966

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0364 INR (High: 1.5547 / Low: 1.5183). On the other end, September was the most stable month, with a tight range of 0.0144 INR (High: 1.5103 / Low: 1.4959).

March Spread (Volatile) ±0.0364

September Spread (Stable) ±0.0144

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 0.0172 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0172

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 1.5300) against the same month in 2022 (average: 1.4905), the exchange rate shifted by +0.0396 (+2.65%).

2023 Avg (March) 1.5300

2022 Avg (March) 1.4905

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5438	1.5096	1.5237
February	1.5485	1.5226	1.5385
March	1.5547	1.5183	1.5300
April	1.5267	1.5034	1.5128
May	1.5270	1.5022	1.5140
June	1.5196	1.4956	1.5056
July	1.5138	1.4867	1.4991
August	1.5136	1.4939	1.5040
September	1.5103	1.4959	1.5039
October	1.5049	1.4902	1.4966
November	1.5067	1.4838	1.4937
December	1.4960	1.4719	1.4823