2023 ETB to SGD Historical Review

YEARLY HIGH

0.0253 SGD

YEARLY LOW

0.0234 SGD

YEARLY AVERAGE

0.0245 SGD

2023 ETB to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.0253. Conversely, the yearly low was recorded on December 30, dropping to 0.0234.

This high-to-low spread represents a total annual volatility of 0.0019 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0247 to the December average rate of 0.0237, the exchange rate registered a net change of -4.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0253 was down 8.12% compared to the 2022 peak of 0.0275, 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 126 SGD

2022 Average 133 SGD

Yearly Trough Low 117 SGD

Transaction Impact: A difference of 9.32 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0251

0.0236

JanuMarcMayJulySeptNove

ETB to SGD 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 0.0247, compared to 0.0243 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0247

H2 Avg (Jul–Dec) 0.0243

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0008 SGD (High: 0.0251 / Low: 0.0243). On the other end, September was the most stable month, with a tight range of 0.0003 SGD (High: 0.0248 / Low: 0.0245).

February Spread (Volatile) ±0.0008

September Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between January and March, 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 0.0005 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0249) against the same month in 2022 (average: 0.0266), the exchange rate shifted by -0.0016 (-6.09%).

2023 Avg (March) 0.0249

2022 Avg (March) 0.0266

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0251	0.0245	0.0247
February	0.0251	0.0243	0.0248
March	0.0253	0.0246	0.0249
April	0.0249	0.0244	0.0246
May	0.0249	0.0243	0.0246
June	0.0249	0.0244	0.0247
July	0.0248	0.0240	0.0244
August	0.0247	0.0243	0.0245
September	0.0248	0.0245	0.0247
October	0.0248	0.0245	0.0246
November	0.0245	0.0238	0.0242
December	0.0241	0.0234	0.0237