2023 FKP to ETB Historical Review

YEARLY HIGH

72.0202 ETB

YEARLY LOW

63.5868 ETB

YEARLY AVERAGE

68.0859 ETB

2023 FKP to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 72.0202. Conversely, the yearly low was recorded on March 7, dropping to 63.5868.

This high-to-low spread represents a total annual volatility of 8.4334 ETB. From a start-to-finish perspective, comparing the January average rate of 65.6735 to the December average rate of 71.1325, the exchange rate registered a net change of 8.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 72.0202 was up 4.18% compared to the 2022 peak of 69.1274, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 FKP based on timing:

Yearly Peak High 360,101 ETB

2022 Average 320,867 ETB

Yearly Trough Low 317,934 ETB

Transaction Impact: A difference of 42,167.01 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

71.7661

64.1621

JanuMarcMayJulySeptNove

FKP to ETB 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 66.6605, compared to 69.5113 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.8508 points.

H1 Avg (Jan–Jun) 66.6605

H2 Avg (Jul–Dec) 69.5113

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 3.1880 ETB (High: 66.7748 / Low: 63.5868). On the other end, October was the most stable month, with a tight range of 1.1989 ETB (High: 68.2865 / Low: 67.0876).

March Spread (Volatile) ±3.1880

October Spread (Stable) ±1.1989

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 1.5562 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -1.5562

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 70.6131) against the same month in 2022 (average: 62.7835), the exchange rate shifted by +7.8296 (+12.47%).

2023 Avg (July) 70.6131

2022 Avg (July) 62.7835

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	66.5652	63.8944	65.6735
February	66.4785	64.2160	64.7958
March	66.7748	63.5868	65.2494
April	68.0784	66.1376	67.4252
May	68.7323	67.0388	67.8407
June	70.0521	67.6155	68.9784
July	72.0202	69.2996	70.6131
August	70.4178	69.1987	69.9590
September	69.8135	67.1383	68.4029
October	68.2865	67.0876	67.6799
November	70.9529	67.8261	69.2803
December	71.9905	69.9802	71.1325