2023 ETB to SAR Historical Review

YEARLY HIGH

0.0708 SAR

YEARLY LOW

0.0664 SAR

YEARLY AVERAGE

0.0686 SAR

2023 ETB to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.0708. Conversely, the yearly low was recorded on December 25, dropping to 0.0664.

This high-to-low spread represents a total annual volatility of 0.0043 SAR. From a start-to-finish perspective, comparing the January average rate of 0.0700 to the December average rate of 0.0668, the exchange rate registered a net change of -4.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0708 was down 7.36% compared to the 2022 peak of 0.0764, 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 354 SAR

2022 Average 362 SAR

Yearly Trough Low 332 SAR

Transaction Impact: A difference of 21.67 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0704

0.0665

JanuMarcMayJulySeptNove

ETB to SAR 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 0.0694, compared to 0.0677 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.0694

H2 Avg (Jul–Dec) 0.0677

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0011 SAR (High: 0.0708 / Low: 0.0696). On the other end, September was the most stable month, with a tight range of 0.0003 SAR (High: 0.0681 / Low: 0.0678).

March Spread (Volatile) ±0.0011

September Spread (Stable) ±0.0003

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 0.0006 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0699) against the same month in 2022 (average: 0.0733), the exchange rate shifted by -0.0035 (-4.76%).

2023 Avg (March) 0.0699

2022 Avg (March) 0.0733

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0703	0.0698	0.0700
February	0.0702	0.0694	0.0698
March	0.0708	0.0696	0.0699
April	0.0700	0.0689	0.0692
May	0.0694	0.0686	0.0690
June	0.0691	0.0684	0.0687
July	0.0687	0.0681	0.0684
August	0.0686	0.0678	0.0681
September	0.0681	0.0678	0.0679
October	0.0678	0.0671	0.0674
November	0.0677	0.0668	0.0673
December	0.0673	0.0664	0.0668