2023 GMD to ETB Historical Review

YEARLY HIGH

0.9241 ETB

YEARLY LOW

0.8265 ETB

YEARLY AVERAGE

0.8800 ETB

2023 GMD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on July 25, valuing the pair at 0.9241. Conversely, the yearly low was recorded on November 10, dropping to 0.8265.

This high-to-low spread represents a total annual volatility of 0.0976 ETB. From a start-to-finish perspective, comparing the January average rate of 0.8648 to the December average rate of 0.8338, the exchange rate registered a net change of -3.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9241 was down 5.37% compared to the 2022 peak of 0.9765, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,621 ETB

2022 Average 4,697 ETB

Yearly Trough Low 4,132 ETB

Transaction Impact: A difference of 488.21 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9278

0.8249

JanuMarcMayJulySeptNove

GMD 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 0.8871, compared to 0.8729 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0142 points.

H1 Avg (Jan–Jun) 0.8871

H2 Avg (Jul–Dec) 0.8729

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0655 ETB (High: 0.9155 / Low: 0.8500). On the other end, July was the most stable month, with a tight range of 0.0099 ETB (High: 0.9241 / Low: 0.9142).

September Spread (Volatile) ±0.0655

July Spread (Stable) ±0.0099

Growth Streaks & Declines

Trends

Between March and July, 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 September and October, when the average rate fell by 0.0465 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0465

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.9193) against the same month in 2022 (average: 0.9673), the exchange rate shifted by -0.0480 (-4.96%).

2023 Avg (July) 0.9193

2022 Avg (July) 0.9673

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8770	0.8571	0.8648
February	0.8838	0.8712	0.8790
March	0.8816	0.8632	0.8756
April	0.9031	0.8661	0.8760
May	0.9177	0.9005	0.9096
June	0.9227	0.9120	0.9176
July	0.9241	0.9142	0.9193
August	0.9168	0.9041	0.9092
September	0.9155	0.8500	0.8940
October	0.8656	0.8420	0.8475
November	0.8576	0.8265	0.8335
December	0.8422	0.8276	0.8338