2023 ETB to MYR Historical Review

YEARLY HIGH

0.0862 MYR

YEARLY LOW

0.0788 MYR

YEARLY AVERAGE

0.0833 MYR

2023 ETB to MYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to MYR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 21, valuing the pair at 0.0862. Conversely, the yearly low was recorded on February 5, dropping to 0.0788.

This high-to-low spread represents a total annual volatility of 0.0074 MYR. From a start-to-finish perspective, comparing the January average rate of 0.0807 to the December average rate of 0.0829, the exchange rate registered a net change of 2.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0862 was down 4.64% compared to the 2022 peak of 0.0904, 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 431 MYR

2022 Average 423 MYR

Yearly Trough Low 394 MYR

Transaction Impact: A difference of 36.97 MYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0858

0.0802

JanuMarcMayJulySeptNove

ETB to MYR 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 0.0825, compared to 0.0841 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.0825

H2 Avg (Jul–Dec) 0.0841

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0046 MYR (High: 0.0834 / Low: 0.0788). On the other end, September was the most stable month, with a tight range of 0.0011 MYR (High: 0.0852 / Low: 0.0841).

February Spread (Volatile) ±0.0046

September Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between January and March, 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 March and April, when the average rate fell by 0.0015 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0853) against the same month in 2022 (average: 0.0888), the exchange rate shifted by -0.0035 (-3.96%).

2023 Avg (October) 0.0853

2022 Avg (October) 0.0888

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0822	0.0791	0.0807
February	0.0834	0.0788	0.0813
March	0.0845	0.0819	0.0832
April	0.0832	0.0809	0.0817
May	0.0849	0.0816	0.0831
June	0.0862	0.0835	0.0848
July	0.0855	0.0823	0.0838
August	0.0847	0.0823	0.0837
September	0.0852	0.0841	0.0848
October	0.0862	0.0843	0.0853
November	0.0857	0.0829	0.0841
December	0.0839	0.0814	0.0829