2023 ETB to THB Historical Review

YEARLY HIGH

0.6681 THB

YEARLY LOW

0.6072 THB

YEARLY AVERAGE

0.6351 THB

2023 ETB to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.6681. Conversely, the yearly low was recorded on December 29, dropping to 0.6072.

This high-to-low spread represents a total annual volatility of 0.0609 THB. From a start-to-finish perspective, comparing the January average rate of 0.6191 to the December average rate of 0.6216, the exchange rate registered a net change of 0.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6681 was down 7.96% compared to the 2022 peak of 0.7259, 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 3,341 THB

2022 Average 3,372 THB

Yearly Trough Low 3,036 THB

Transaction Impact: A difference of 304.58 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6598

0.6154

JanuMarcMayJulySeptNove

ETB to THB 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 0.6320, compared to 0.6382 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0062 points.

H1 Avg (Jan–Jun) 0.6320

H2 Avg (Jul–Dec) 0.6382

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0451 THB (High: 0.6552 / Low: 0.6101). On the other end, April was the most stable month, with a tight range of 0.0127 THB (High: 0.6378 / Low: 0.6251).

February Spread (Volatile) ±0.0451

April Spread (Stable) ±0.0127

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0206 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0206

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.6561) against the same month in 2022 (average: 0.7180), the exchange rate shifted by -0.0619 (-8.62%).

2023 Avg (October) 0.6561

2022 Avg (October) 0.7180

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6453	0.6087	0.6191
February	0.6552	0.6101	0.6344
March	0.6529	0.6308	0.6403
April	0.6378	0.6251	0.6309
May	0.6393	0.6183	0.6286
June	0.6501	0.6320	0.6388
July	0.6457	0.6197	0.6315
August	0.6458	0.6237	0.6362
September	0.6629	0.6340	0.6485
October	0.6681	0.6453	0.6561
November	0.6479	0.6229	0.6356
December	0.6369	0.6072	0.6216