2023 ETB to XOF Historical Review

YEARLY HIGH

11.6215 XOF

YEARLY LOW

10.4989 XOF

YEARLY AVERAGE

11.0773 XOF

2023 ETB to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 11.6215. Conversely, the yearly low was recorded on December 27, dropping to 10.4989.

This high-to-low spread represents a total annual volatility of 1.1226 XOF. From a start-to-finish perspective, comparing the January average rate of 11.3375 to the December average rate of 10.6944, the exchange rate registered a net change of -5.67% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 11.6215 was down 10.36% compared to the 2022 peak of 12.9653, 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 58,107 XOF

2022 Average 60,034 XOF

Yearly Trough Low 52,494 XOF

Transaction Impact: A difference of 5,613.15 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.4844

10.6226

JanuMarcMayJulySeptNove

ETB to XOF 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 11.2221, compared to 10.9325 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2896 points.

H1 Avg (Jan–Jun) 11.2221

H2 Avg (Jul–Dec) 10.9325

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.4916 XOF (High: 11.2852 / Low: 10.7936). On the other end, October was the most stable month, with a tight range of 0.2358 XOF (High: 11.2789 / Low: 11.0431).

May Spread (Volatile) ±0.4916

October Spread (Stable) ±0.2358

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 March and April, when the average rate fell by 0.3710 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3710

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 11.3375) against the same month in 2022 (average: 11.6840), the exchange rate shifted by -0.3464 (-2.97%).

2023 Avg (January) 11.3375

2022 Avg (January) 11.6840

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.6215	11.2042	11.3375
February	11.5632	11.0991	11.4125
March	11.5686	11.1585	11.3903
April	11.2782	10.8883	11.0193
May	11.2852	10.7936	11.0897
June	11.2718	10.8952	11.0835
July	11.0191	10.6053	10.8203
August	11.0450	10.7912	10.9160
September	11.2862	10.9904	11.1247
October	11.2789	11.0431	11.1642
November	11.1282	10.7051	10.8756
December	10.9173	10.4989	10.6944