2023 ETB to SZL Historical Review

YEARLY HIGH

0.3633 SZL

YEARLY LOW

0.3126 SZL

YEARLY AVERAGE

0.3369 SZL

2023 ETB to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on May 31, valuing the pair at 0.3633. Conversely, the yearly low was recorded on January 13, dropping to 0.3126.

This high-to-low spread represents a total annual volatility of 0.0506 SZL. From a start-to-finish perspective, comparing the January average rate of 0.3189 to the December average rate of 0.3318, the exchange rate registered a net change of 4.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3633 was up 4.64% compared to the 2022 peak of 0.3471, 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 1,816 SZL

2022 Average 1,574 SZL

Yearly Trough Low 1,563 SZL

Transaction Impact: A difference of 253.09 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3533

0.3158

JanuMarcMayJulySeptNove

ETB to SZL 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 0.3366, compared to 0.3372 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.3366

H2 Avg (Jul–Dec) 0.3372

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0299 SZL (High: 0.3622 / Low: 0.3323). On the other end, September was the most stable month, with a tight range of 0.0099 SZL (High: 0.3486 / Low: 0.3387).

June Spread (Volatile) ±0.0299

September Spread (Stable) ±0.0099

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 October and November, when the average rate fell by 0.0108 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0108

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.3502) against the same month in 2022 (average: 0.3079), the exchange rate shifted by +0.0423 (+13.73%).

2023 Avg (May) 0.3502

2022 Avg (May) 0.3079

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3249	0.3126	0.3189
February	0.3431	0.3194	0.3333
March	0.3462	0.3303	0.3396
April	0.3394	0.3274	0.3347
May	0.3633	0.3371	0.3502
June	0.3622	0.3323	0.3429
July	0.3472	0.3196	0.3324
August	0.3538	0.3277	0.3410
September	0.3486	0.3387	0.3433
October	0.3496	0.3372	0.3429
November	0.3396	0.3253	0.3321
December	0.3406	0.3233	0.3318