2023 ETB to IRR Historical Review

YEARLY HIGH

795.8555 IRR

YEARLY LOW

744.6689 IRR

YEARLY AVERAGE

771.4504 IRR

2023 ETB to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 795.8555. Conversely, the yearly low was recorded on December 30, dropping to 744.6689.

This high-to-low spread represents a total annual volatility of 51.1867 IRR. From a start-to-finish perspective, comparing the January average rate of 781.8466 to the December average rate of 751.9925, the exchange rate registered a net change of -3.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 795.8555 was down 7.47% compared to the 2022 peak of 860.1221, 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 3,979,278 IRR

2022 Average 4,070,796 IRR

Yearly Trough Low 3,723,344 IRR

Transaction Impact: A difference of 255,933.36 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

789.4754

748.5849

JanuMarcMayJulySeptNove

ETB to IRR 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 780.7305, compared to 762.1704 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 18.5602 points.

H1 Avg (Jan–Jun) 780.7305

H2 Avg (Jul–Dec) 762.1704

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 23.5796 IRR (High: 795.8555 / Low: 772.2759). On the other end, September was the most stable month, with a tight range of 3.7115 IRR (High: 767.1554 / Low: 763.4439).

March Spread (Volatile) ±23.5796

September Spread (Stable) ±3.7115

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 November and December, when the average rate fell by 6.0170 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -6.0170

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 784.4300) against the same month in 2022 (average: 826.5795), the exchange rate shifted by -42.1494 (-5.10%).

2023 Avg (March) 784.4300

2022 Avg (March) 826.5795

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	789.1538	776.3026	781.8466
February	788.7850	774.3092	786.0678
March	795.8555	772.2759	784.4300
April	788.3733	776.1426	780.0539
May	781.4972	773.4060	777.4499
June	779.0320	770.6264	774.5348
July	775.9439	763.3947	770.5017
August	773.4793	763.1925	767.5894
September	767.1554	763.4439	765.1704
October	763.7135	755.9892	759.7588
November	765.3205	752.0959	758.0094
December	758.7458	744.6689	751.9925