2023 ETB to MXN Historical Review

YEARLY HIGH

0.3636 MXN

YEARLY LOW

0.3008 MXN

YEARLY AVERAGE

0.3242 MXN

2023 ETB to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.3636. Conversely, the yearly low was recorded on December 30, dropping to 0.3008.

This high-to-low spread represents a total annual volatility of 0.0628 MXN. From a start-to-finish perspective, comparing the January average rate of 0.3536 to the December average rate of 0.3057, the exchange rate registered a net change of -13.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3636 was down 13.14% compared to the 2022 peak of 0.4186, 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 1,818 MXN

2022 Average 1,937 MXN

Yearly Trough Low 1,504 MXN

Transaction Impact: A difference of 314.25 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3584

0.3009

JanuMarcMayJulySeptNove

ETB to MXN 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 0.3363, compared to 0.3122 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0242 points.

H1 Avg (Jan–Jun) 0.3363

H2 Avg (Jul–Dec) 0.3122

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0223 MXN (High: 0.3563 / Low: 0.3340). On the other end, April was the most stable month, with a tight range of 0.0067 MXN (High: 0.3376 / Low: 0.3309).

March Spread (Volatile) ±0.0223

April Spread (Stable) ±0.0067

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0136 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0136

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3536) against the same month in 2022 (average: 0.4134), the exchange rate shifted by -0.0598 (-14.47%).

2023 Avg (January) 0.3536

2022 Avg (January) 0.4134

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3636	0.3476	0.3536
February	0.3576	0.3403	0.3463
March	0.3563	0.3340	0.3425
April	0.3376	0.3309	0.3335
May	0.3316	0.3205	0.3260
June	0.3230	0.3117	0.3160
July	0.3141	0.3040	0.3086
August	0.3165	0.3032	0.3084
September	0.3197	0.3088	0.3133
October	0.3296	0.3125	0.3253
November	0.3190	0.3058	0.3117
December	0.3118	0.3008	0.3057