2023 ETB to SLL Historical Review

YEARLY HIGH

384.2068 SLL

YEARLY LOW

320.6827 SLL

YEARLY AVERAGE

348.2174 SLL

2023 ETB to SLL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on July 30, valuing the pair at 384.2068. Conversely, the yearly low was recorded on July 25, dropping to 320.6827.

This high-to-low spread represents a total annual volatility of 63.5240 SLL. From a start-to-finish perspective, comparing the January average rate of 329.3472 to the December average rate of 373.4024, the exchange rate registered a net change of 13.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 384.2068 was up 15.06% compared to the 2022 peak of 333.9319, 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 1,921,034 SLL

2022 Average 1,318,248 SLL

Yearly Trough Low 1,603,414 SLL

Transaction Impact: A difference of 317,620.25 SLL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

386.4092

317.9473

JanuMarcMayJulySeptNove

ETB to SLL 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 326.9210, compared to 369.5138 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 42.5928 points.

H1 Avg (Jan–Jun) 326.9210

H2 Avg (Jul–Dec) 369.5138

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 63.5240 SLL (High: 384.2068 / Low: 320.6827). On the other end, September was the most stable month, with a tight range of 1.8478 SLL (High: 380.7542 / Low: 378.9064).

July Spread (Volatile) ±63.5240

September Spread (Stable) ±1.8478

Growth Streaks & Declines

Trends

Between June and August, 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 2.7607 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.7607

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 329.9821) against the same month in 2022 (average: 258.7473), the exchange rate shifted by +71.2348 (+27.53%).

2023 Avg (July) 329.9821

2022 Avg (July) 258.7473

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	330.5268	328.3457	329.3472
February	330.5020	326.8491	328.9048
March	332.7524	327.6710	328.6491
April	329.6240	324.5103	326.0813
May	326.5558	322.9838	324.8908
June	325.5257	322.1519	323.6525
July	384.2068	320.6827	329.9821
August	383.3258	378.7873	380.7040
September	380.7542	378.9064	379.7480
October	379.0582	375.1012	377.0832
November	379.9334	373.2799	376.1630
December	376.4722	371.6388	373.4024