2023 ETB to NAD Historical Review

YEARLY HIGH

0.3629 NAD

YEARLY LOW

0.3126 NAD

YEARLY AVERAGE

0.3379 NAD

2023 ETB to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 26, valuing the pair at 0.3629. Conversely, the yearly low was recorded on January 13, dropping to 0.3126.

This high-to-low spread represents a total annual volatility of 0.0502 NAD. From a start-to-finish perspective, comparing the January average rate of 0.3184 to the December average rate of 0.3327, the exchange rate registered a net change of 4.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3629 was up 3.83% compared to the 2022 peak of 0.3495, 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 1,814 NAD

2022 Average 1,569 NAD

Yearly Trough Low 1,563 NAD

Transaction Impact: A difference of 251.14 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3543

0.3152

JanuMarcMayJulySeptNove

ETB to NAD 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 0.3369, compared to 0.3390 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 0.3369

H2 Avg (Jul–Dec) 0.3390

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0326 NAD (High: 0.3587 / Low: 0.3260). On the other end, September was the most stable month, with a tight range of 0.0095 NAD (High: 0.3487 / Low: 0.3392).

November Spread (Volatile) ±0.0326

September Spread (Stable) ±0.0095

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0104 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0104

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.3510) against the same month in 2022 (average: 0.3084), the exchange rate shifted by +0.0426 (+13.83%).

2023 Avg (May) 0.3510

2022 Avg (May) 0.3084

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3223	0.3126	0.3184
February	0.3427	0.3180	0.3329
March	0.3470	0.3317	0.3401
April	0.3415	0.3275	0.3355
May	0.3629	0.3359	0.3510
June	0.3612	0.3322	0.3432
July	0.3452	0.3212	0.3328
August	0.3601	0.3313	0.3422
September	0.3487	0.3392	0.3436
October	0.3626	0.3375	0.3463
November	0.3587	0.3260	0.3363
December	0.3417	0.3240	0.3327