2023 GNF to ETB Historical Review

YEARLY HIGH

0.0066 ETB

YEARLY LOW

0.0061 ETB

YEARLY AVERAGE

0.0064 ETB

2023 GNF to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 0.0066. Conversely, the yearly low was recorded on January 27, dropping to 0.0061.

This high-to-low spread represents a total annual volatility of 0.0005 ETB. From a start-to-finish perspective, comparing the January average rate of 0.0062 to the December average rate of 0.0065, the exchange rate registered a net change of 5.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0066 was up 6.09% compared to the 2022 peak of 0.0062, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 33 ETB

2022 Average 30 ETB

Yearly Trough Low 30 ETB

Transaction Impact: A difference of 2.56 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0066

0.0062

JanuMarcMayJulySeptNove

GNF 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 0.0063, compared to 0.0064 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0063

H2 Avg (Jul–Dec) 0.0064

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0002 ETB (High: 0.0063 / Low: 0.0061). On the other end, September was the most stable month, with a tight range of 0.0001 ETB (High: 0.0064 / Low: 0.0064).

February Spread (Volatile) ±0.0002

September Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0065) against the same month in 2022 (average: 0.0062), the exchange rate shifted by +0.0004 (+6.04%).

2023 Avg (December) 0.0065

2022 Avg (December) 0.0062

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0062	0.0061	0.0062
February	0.0063	0.0061	0.0062
March	0.0063	0.0061	0.0062
April	0.0063	0.0062	0.0063
May	0.0064	0.0063	0.0063
June	0.0064	0.0063	0.0063
July	0.0064	0.0063	0.0064
August	0.0064	0.0063	0.0064
September	0.0064	0.0064	0.0064
October	0.0065	0.0064	0.0065
November	0.0065	0.0064	0.0065
December	0.0066	0.0065	0.0065