2023 ETB to NPR Historical Review

YEARLY HIGH

2.4746 NPR

YEARLY LOW

2.3618 NPR

YEARLY AVERAGE

2.4132 NPR

2023 ETB to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 2.4746. Conversely, the yearly low was recorded on December 18, dropping to 2.3618.

This high-to-low spread represents a total annual volatility of 0.1128 NPR. From a start-to-finish perspective, comparing the January average rate of 2.4409 to the December average rate of 2.3739, the exchange rate registered a net change of -2.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.4746 was down 1.52% compared to the 2022 peak of 2.5127, 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 12,373 NPR

2022 Average 12,100 NPR

Yearly Trough Low 11,809 NPR

Transaction Impact: A difference of 563.98 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.4691

2.3653

JanuMarcMayJulySeptNove

ETB to NPR 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 2.4330, compared to 2.3934 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0395 points.

H1 Avg (Jan–Jun) 2.4330

H2 Avg (Jul–Dec) 2.3934

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0554 NPR (High: 2.4746 / Low: 2.4192). On the other end, September was the most stable month, with a tight range of 0.0174 NPR (High: 2.4113 / Low: 2.3940).

January Spread (Volatile) ±0.0554

September Spread (Stable) ±0.0174

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 0.0284 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0284

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.4409) against the same month in 2022 (average: 2.4009), the exchange rate shifted by +0.0399 (+1.66%).

2023 Avg (January) 2.4409

2022 Avg (January) 2.4009

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4746	2.4192	2.4409
February	2.4702	2.4389	2.4605
March	2.4613	2.4270	2.4471
April	2.4381	2.4052	2.4187
May	2.4383	2.4019	2.4213
June	2.4315	2.3922	2.4093
July	2.4250	2.3766	2.3959
August	2.4220	2.3937	2.4054
September	2.4113	2.3940	2.4052
October	2.4065	2.3768	2.3924
November	2.4005	2.3732	2.3878
December	2.3928	2.3618	2.3739