2023 ETB to ZAR Historical Review

YEARLY HIGH

0.3632 ZAR

YEARLY LOW

0.3116 ZAR

YEARLY AVERAGE

0.3371 ZAR

2023 ETB to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.3632. Conversely, the yearly low was recorded on January 12, dropping to 0.3116.

This high-to-low spread represents a total annual volatility of 0.0516 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.3184 to the December average rate of 0.3312, the exchange rate registered a net change of 4.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3632 was up 4.05% compared to the 2022 peak of 0.3490, 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 ZAR

2022 Average 1,575 ZAR

Yearly Trough Low 1,558 ZAR

Transaction Impact: A difference of 257.79 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3546

0.3151

JanuMarcMayJulySeptNove

ETB to ZAR 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 0.3370, compared to 0.3371 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.3370

H2 Avg (Jul–Dec) 0.3371

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0314 ZAR (High: 0.3501 / Low: 0.3187). On the other end, September was the most stable month, with a tight range of 0.0091 ZAR (High: 0.3486 / Low: 0.3394).

July Spread (Volatile) ±0.0314

September Spread (Stable) ±0.0091

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 June and July, when the average rate fell by 0.0110 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0110

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.3513) against the same month in 2022 (average: 0.3078), the exchange rate shifted by +0.0435 (+14.12%).

2023 Avg (May) 0.3513

2022 Avg (May) 0.3078

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3243	0.3116	0.3184
February	0.3427	0.3176	0.3337
March	0.3538	0.3299	0.3399
April	0.3414	0.3270	0.3353
May	0.3632	0.3365	0.3513
June	0.3595	0.3320	0.3433
July	0.3501	0.3187	0.3323
August	0.3483	0.3325	0.3410
September	0.3486	0.3394	0.3435
October	0.3511	0.3349	0.3423
November	0.3380	0.3258	0.3325
December	0.3404	0.3243	0.3312