2023 ETB to TWD Historical Review

YEARLY HIGH

0.5847 TWD

YEARLY LOW

0.5438 TWD

YEARLY AVERAGE

0.5689 TWD

2023 ETB to TWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to TWD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 21, valuing the pair at 0.5847. Conversely, the yearly low was recorded on December 30, dropping to 0.5438.

This high-to-low spread represents a total annual volatility of 0.0409 TWD. From a start-to-finish perspective, comparing the January average rate of 0.5666 to the December average rate of 0.5558, the exchange rate registered a net change of -1.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5847 was down 4.77% compared to the 2022 peak of 0.6140, 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 2,924 TWD

2022 Average 2,866 TWD

Yearly Trough Low 2,719 TWD

Transaction Impact: A difference of 204.65 TWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5830

0.5534

JanuMarcMayJulySeptNove

ETB to TWD 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 0.5653, compared to 0.5725 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0071 points.

H1 Avg (Jan–Jun) 0.5653

H2 Avg (Jul–Dec) 0.5725

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0233 TWD (High: 0.5820 / Low: 0.5588). On the other end, August was the most stable month, with a tight range of 0.0073 TWD (High: 0.5809 / Low: 0.5735).

November Spread (Volatile) ±0.0233

August Spread (Stable) ±0.0073

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0163 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0163

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.5805) against the same month in 2022 (average: 0.6049), the exchange rate shifted by -0.0244 (-4.03%).

2023 Avg (October) 0.5805

2022 Avg (October) 0.6049

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5733	0.5599	0.5666
February	0.5706	0.5538	0.5637
March	0.5770	0.5627	0.5684
April	0.5740	0.5603	0.5641
May	0.5686	0.5601	0.5647
June	0.5713	0.5596	0.5646
July	0.5747	0.5607	0.5688
August	0.5809	0.5735	0.5777
September	0.5837	0.5763	0.5799
October	0.5847	0.5768	0.5805
November	0.5820	0.5588	0.5721
December	0.5659	0.5438	0.5558