2023 ETB to UZS Historical Review

YEARLY HIGH

221.4963 UZS

YEARLY LOW

208.5746 UZS

YEARLY AVERAGE

214.3554 UZS

2023 ETB to UZS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to UZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 15, valuing the pair at 221.4963. Conversely, the yearly low was recorded on June 3, dropping to 208.5746.

This high-to-low spread represents a total annual volatility of 12.9217 UZS. From a start-to-finish perspective, comparing the January average rate of 210.7456 to the December average rate of 219.9842, the exchange rate registered a net change of 4.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 221.4963 was down 1.72% compared to the 2022 peak of 225.3828, 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 1,107,482 UZS

2022 Average 1,064,182 UZS

Yearly Trough Low 1,042,873 UZS

Transaction Impact: A difference of 64,608.49 UZS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

221.3427

209.0843

JanuMarcMayJulySeptNove

ETB to UZS 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 210.7816, compared to 217.9292 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.1475 points.

H1 Avg (Jan–Jun) 210.7816

H2 Avg (Jul–Dec) 217.9292

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 8.2667 UZS (High: 219.7852 / Low: 211.5185). On the other end, March was the most stable month, with a tight range of 1.5488 UZS (High: 212.8179 / Low: 211.2691).

August Spread (Volatile) ±8.2667

March Spread (Stable) ±1.5488

Growth Streaks & Declines

Trends

Between June and September, 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 March and April, when the average rate fell by 1.2081 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.2081

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 219.9842) against the same month in 2022 (average: 210.1888), the exchange rate shifted by +9.7953 (+4.66%).

2023 Avg (December) 219.9842

2022 Avg (December) 210.1888

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	212.0617	209.8226	210.7456
February	211.9016	210.1802	211.1019
March	212.8179	211.2691	211.7521
April	212.1296	208.8719	210.5441
May	211.8894	208.8701	210.4403
June	211.2637	208.5746	210.1059
July	212.5891	209.4884	211.1084
August	219.7852	211.5185	216.3540
September	221.3227	219.0110	220.3212
October	220.9870	218.2518	219.6585
November	221.3542	218.6224	220.1488
December	221.4963	218.6040	219.9842