2023 ETB to JPY Historical Review

YEARLY HIGH

2.7253 JPY

YEARLY LOW

2.3772 JPY

YEARLY AVERAGE

2.5656 JPY

2023 ETB to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 2.7253. Conversely, the yearly low was recorded on January 13, dropping to 2.3772.

This high-to-low spread represents a total annual volatility of 0.3480 JPY. From a start-to-finish perspective, comparing the January average rate of 2.4270 to the December average rate of 2.5584, the exchange rate registered a net change of 5.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7253 was down 4.08% compared to the 2022 peak of 2.8413, 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 13,626 JPY

2022 Average 12,640 JPY

Yearly Trough Low 11,886 JPY

Transaction Impact: A difference of 1,740.20 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7156

2.4008

JanuMarcMayJulySeptNove

ETB to JPY 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 2.4952, compared to 2.6359 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1407 points.

H1 Avg (Jan–Jun) 2.4952

H2 Avg (Jul–Dec) 2.6359

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1426 JPY (High: 2.5391 / Low: 2.3965). On the other end, October was the most stable month, with a tight range of 0.0563 JPY (High: 2.7173 / Low: 2.6610).

February Spread (Volatile) ±0.1426

October Spread (Stable) ±0.0563

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1289 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1289

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 2.6873) against the same month in 2022 (average: 2.6689), the exchange rate shifted by +0.0184 (+0.69%).

2023 Avg (November) 2.6873

2022 Avg (November) 2.6689

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4849	2.3772	2.4270
February	2.5391	2.3965	2.4800
March	2.5554	2.4253	2.4854
April	2.5453	2.4138	2.4654
May	2.5903	2.4634	2.5240
June	2.6451	2.5416	2.5894
July	2.6484	2.5212	2.5748
August	2.6617	2.5713	2.6289
September	2.7041	2.6458	2.6768
October	2.7173	2.6610	2.6894
November	2.7253	2.6346	2.6873
December	2.6417	2.4994	2.5584