2023 ETB to PYG Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ETB to PYG Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ETB to PYG exchange rate experienced significant fluctuation. The market reached its absolute peak on January 23, valuing the pair at 139.0000. Conversely, the yearly low was recorded on December 30, dropping to 129.3512.
This high-to-low spread represents a total annual volatility of 9.6488 PYG. From a start-to-finish perspective, comparing the January average rate of 137.5243 to the December average rate of 131.0323, the exchange rate registered a net change of -4.72% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 139.0000 was down 2.29% compared to the 2022 peak of 142.2631, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ETB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
ETB to PYG Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 134.1044, compared to 132.2049 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.8995 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 4.2610 PYG (High: 133.6122 / Low: 129.3512). On the other end, September was the most stable month, with a tight range of 1.0155 PYG (High: 132.4032 / Low: 131.3877).
Growth Streaks & Declines
TrendsBetween April and June, 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 November and December, when the average rate fell by 2.3730 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 137.5243) against the same month in 2022 (average: 140.4433), the exchange rate shifted by -2.9190 (-2.08%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 139.0000 | 136.0885 | 137.5243 |
| February | 137.4047 | 135.1884 | 135.9482 |
| March | 135.8125 | 132.5811 | 133.7297 |
| April | 133.8279 | 131.1119 | 132.1436 |
| May | 133.6826 | 131.4926 | 132.4459 |
| June | 133.5578 | 132.0788 | 132.8349 |
| July | 133.5767 | 131.7964 | 132.4644 |
| August | 133.2429 | 131.5760 | 132.0275 |
| September | 132.4032 | 131.3877 | 131.7499 |
| October | 134.1672 | 131.1213 | 132.5502 |
| November | 134.4419 | 132.2754 | 133.4053 |
| December | 133.6122 | 129.3512 | 131.0323 |