2023 ETB to MMK Historical Review

YEARLY HIGH

39.2806 MMK

YEARLY LOW

37.2891 MMK

YEARLY AVERAGE

38.3556 MMK

2023 ETB to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 39.2806. Conversely, the yearly low was recorded on December 30, dropping to 37.2891.

This high-to-low spread represents a total annual volatility of 1.9915 MMK. From a start-to-finish perspective, comparing the January average rate of 39.1531 to the December average rate of 37.4333, the exchange rate registered a net change of -4.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 39.2806 was down 2.48% compared to the 2022 peak of 40.2782, 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 196,403 MMK

2022 Average 185,526 MMK

Yearly Trough Low 186,446 MMK

Transaction Impact: A difference of 9,957.36 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

39.3251

37.2614

JanuMarcMayJulySeptNove

ETB to MMK 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 38.8446, compared to 37.8665 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9781 points.

H1 Avg (Jan–Jun) 38.8446

H2 Avg (Jul–Dec) 37.8665

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.5016 MMK (High: 37.7907 / Low: 37.2891). On the other end, March was the most stable month, with a tight range of 0.1342 MMK (High: 39.0667 / Low: 38.9325).

December Spread (Volatile) ±0.5016

March Spread (Stable) ±0.1342

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 0.2873 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.2873

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 39.1531) against the same month in 2022 (average: 35.8465), the exchange rate shifted by +3.3066 (+9.22%).

2023 Avg (January) 39.1531

2022 Avg (January) 35.8465

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	39.2806	39.0363	39.1531
February	39.2506	38.9845	39.1046
March	39.0667	38.9325	39.0118
April	38.9325	38.5270	38.7245
May	38.7718	38.4594	38.6048
June	38.6367	38.2996	38.4689
July	38.4658	38.0630	38.2567
August	38.3988	38.0071	38.1249
September	38.0969	37.9517	38.0219
October	37.9660	37.4819	37.7361
November	37.7798	37.3851	37.6260
December	37.7907	37.2891	37.4333