2023 ETB to KES Historical Review

YEARLY HIGH

2.7961 KES

YEARLY LOW

2.3004 KES

YEARLY AVERAGE

2.5524 KES

2023 ETB to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 2.7961. Conversely, the yearly low was recorded on January 8, dropping to 2.3004.

This high-to-low spread represents a total annual volatility of 0.4957 KES. From a start-to-finish perspective, comparing the January average rate of 2.3110 to the December average rate of 2.7504, the exchange rate registered a net change of 19.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7961 was up 20.96% compared to the 2022 peak of 2.3116, 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 13,980 KES

2022 Average 11,353 KES

Yearly Trough Low 11,502 KES

Transaction Impact: A difference of 2,478.52 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7944

2.2670

JanuMarcMayJulySeptNove

ETB to KES 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 2.4370, compared to 2.6678 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2308 points.

H1 Avg (Jan–Jun) 2.4370

H2 Avg (Jul–Dec) 2.6678

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0991 KES (High: 2.5377 / Low: 2.4386). On the other end, January was the most stable month, with a tight range of 0.0269 KES (High: 2.3273 / Low: 2.3004).

April Spread (Volatile) ±0.0991

January Spread (Stable) ±0.0269

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2.7504) against the same month in 2022 (average: 2.2982), the exchange rate shifted by +0.4522 (+19.68%).

2023 Avg (December) 2.7504

2022 Avg (December) 2.2982

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3273	2.3004	2.3110
February	2.3644	2.3206	2.3393
March	2.4583	2.3694	2.4105
April	2.5377	2.4386	2.4803
May	2.5511	2.4941	2.5235
June	2.5882	2.5084	2.5573
July	2.6009	2.5307	2.5791
August	2.6356	2.5784	2.6098
September	2.6828	2.6261	2.6579
October	2.7114	2.6499	2.6840
November	2.7496	2.6938	2.7253
December	2.7961	2.7108	2.7504