2023 ETB to STD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ETB to STD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ETB to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 429.9313. Conversely, the yearly low was recorded on December 30, dropping to 394.8965.
This high-to-low spread represents a total annual volatility of 35.0349 STD. From a start-to-finish perspective, comparing the January average rate of 425.5317 to the December average rate of 396.7704, the exchange rate registered a net change of -6.76% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 429.9313 was down 5.12% compared to the 2022 peak of 453.1231, 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 STD 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 422.3969, compared to 403.3688 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 19.0281 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 12.7317 STD (High: 418.0291 / Low: 405.2974). On the other end, September was the most stable month, with a tight range of 1.9634 STD (High: 404.5823 / Low: 402.6189).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 10.4856 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 424.6298) against the same month in 2022 (average: 418.4345), the exchange rate shifted by +6.1953 (+1.48%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 427.0557 | 424.2377 | 425.5317 |
| February | 427.0237 | 422.3040 | 424.9601 |
| March | 429.9313 | 423.3660 | 424.6298 |
| April | 425.8893 | 419.2821 | 421.3120 |
| May | 421.9251 | 417.3099 | 419.7738 |
| June | 420.5942 | 416.2350 | 418.1739 |
| July | 418.0291 | 405.2974 | 415.0146 |
| August | 407.3149 | 402.4924 | 404.5290 |
| September | 404.5823 | 402.6189 | 403.5132 |
| October | 402.7802 | 398.5756 | 400.6816 |
| November | 403.7102 | 396.6402 | 399.7038 |
| December | 400.0323 | 394.8965 | 396.7704 |