2023 ETB to PEN Historical Review

YEARLY HIGH

0.0728 PEN

YEARLY LOW

0.0647 PEN

YEARLY AVERAGE

0.0684 PEN

2023 ETB to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 0.0728. Conversely, the yearly low was recorded on July 17, dropping to 0.0647.

This high-to-low spread represents a total annual volatility of 0.0081 PEN. From a start-to-finish perspective, comparing the January average rate of 0.0713 to the December average rate of 0.0665, the exchange rate registered a net change of -6.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0728 was down 10.35% compared to the 2022 peak of 0.0812, 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 364 PEN

2022 Average 369 PEN

Yearly Trough Low 323 PEN

Transaction Impact: A difference of 40.52 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0720

0.0651

JanuMarcMayJulySeptNove

ETB to PEN 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 0.0695, compared to 0.0672 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 0.0695

H2 Avg (Jul–Dec) 0.0672

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0028 PEN (High: 0.0692 / Low: 0.0664). On the other end, March was the most stable month, with a tight range of 0.0011 PEN (High: 0.0707 / Low: 0.0696).

November Spread (Volatile) ±0.0028

March Spread (Stable) ±0.0011

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 April and May, when the average rate fell by 0.0016 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0713) against the same month in 2022 (average: 0.0785), the exchange rate shifted by -0.0072 (-9.21%).

2023 Avg (January) 0.0713

2022 Avg (January) 0.0785

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0728	0.0702	0.0713
February	0.0726	0.0707	0.0715
March	0.0707	0.0696	0.0703
April	0.0699	0.0684	0.0694
May	0.0686	0.0671	0.0678
June	0.0678	0.0661	0.0668
July	0.0667	0.0647	0.0656
August	0.0679	0.0656	0.0670
September	0.0688	0.0668	0.0674
October	0.0698	0.0681	0.0690
November	0.0692	0.0664	0.0676
December	0.0678	0.0654	0.0665