2023 ETB to RUB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ETB to RUB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ETB to RUB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 8, valuing the pair at 1.8211. Conversely, the yearly low was recorded on January 15, dropping to 1.2333.
This high-to-low spread represents a total annual volatility of 0.5878 RUB. From a start-to-finish perspective, comparing the January average rate of 1.3045 to the December average rate of 1.6215, the exchange rate registered a net change of 24.30% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1.8211 was down 35.00% compared to the 2022 peak of 2.8015, 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 RUB 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 1.4288, compared to 1.6893 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2605 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 0.1531 RUB (High: 1.6268 / Low: 1.4738). On the other end, March was the most stable month, with a tight range of 0.0563 RUB (High: 1.4501 / Low: 1.3938).
Growth Streaks & Declines
TrendsBetween May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.1204 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 1.7454) against the same month in 2022 (average: 1.1715), the exchange rate shifted by +0.5739 (+48.99%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.3745 | 1.2333 | 1.3045 |
| February | 1.4142 | 1.3031 | 1.3689 |
| March | 1.4501 | 1.3938 | 1.4204 |
| April | 1.5113 | 1.4383 | 1.4951 |
| May | 1.4959 | 1.3981 | 1.4559 |
| June | 1.6268 | 1.4738 | 1.5281 |
| July | 1.6868 | 1.6093 | 1.6526 |
| August | 1.8133 | 1.6808 | 1.7398 |
| September | 1.7848 | 1.7160 | 1.7518 |
| October | 1.8211 | 1.6696 | 1.7454 |
| November | 1.6720 | 1.5756 | 1.6250 |
| December | 1.6541 | 1.5757 | 1.6215 |