2023 ETB to MVR Historical Review

YEARLY HIGH

0.2901 MVR

YEARLY LOW

0.2721 MVR

YEARLY AVERAGE

0.2809 MVR

2023 ETB to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.2901. Conversely, the yearly low was recorded on December 25, dropping to 0.2721.

This high-to-low spread represents a total annual volatility of 0.0180 MVR. From a start-to-finish perspective, comparing the January average rate of 0.2868 to the December average rate of 0.2737, the exchange rate registered a net change of -4.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2901 was down 7.42% compared to the 2022 peak of 0.3133, 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 1,450 MVR

2022 Average 1,485 MVR

Yearly Trough Low 1,361 MVR

Transaction Impact: A difference of 89.80 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2881

0.2724

JanuMarcMayJulySeptNove

ETB to MVR 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 0.2843, compared to 0.2775 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0068 points.

H1 Avg (Jan–Jun) 0.2843

H2 Avg (Jul–Dec) 0.2775

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0065 MVR (High: 0.2797 / Low: 0.2732). On the other end, January was the most stable month, with a tight range of 0.0021 MVR (High: 0.2881 / Low: 0.2860).

November Spread (Volatile) ±0.0065

January Spread (Stable) ±0.0021

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 0.0025 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.2860) against the same month in 2022 (average: 0.3020), the exchange rate shifted by -0.0159 (-5.28%).

2023 Avg (March) 0.2860

2022 Avg (March) 0.3020

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2881	0.2860	0.2868
February	0.2874	0.2840	0.2859
March	0.2901	0.2845	0.2860
April	0.2866	0.2823	0.2835
May	0.2838	0.2797	0.2822
June	0.2825	0.2791	0.2811
July	0.2819	0.2787	0.2804
August	0.2806	0.2775	0.2791
September	0.2805	0.2780	0.2792
October	0.2784	0.2755	0.2767
November	0.2797	0.2732	0.2756
December	0.2758	0.2721	0.2737