2023 HTG to ETB Historical Review

YEARLY HIGH

0.4271 ETB

YEARLY LOW

0.3466 ETB

YEARLY AVERAGE

0.3880 ETB

2023 HTG to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HTG to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 24, valuing the pair at 0.4271. Conversely, the yearly low was recorded on April 19, dropping to 0.3466.

This high-to-low spread represents a total annual volatility of 0.0805 ETB. From a start-to-finish perspective, comparing the January average rate of 0.3613 to the December average rate of 0.4247, the exchange rate registered a net change of 17.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4271 was down 14.75% compared to the 2022 peak of 0.5010, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,135 ETB

2022 Average 2,231 ETB

Yearly Trough Low 1,733 ETB

Transaction Impact: A difference of 402.25 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4322

0.3419

JanuMarcMayJulySeptNove

HTG 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 0.3641, compared to 0.4119 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0478 points.

H1 Avg (Jan–Jun) 0.3641

H2 Avg (Jul–Dec) 0.4119

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0374 ETB (High: 0.3886 / Low: 0.3512). On the other end, January was the most stable month, with a tight range of 0.0049 ETB (High: 0.3636 / Low: 0.3586).

May Spread (Volatile) ±0.0374

January Spread (Stable) ±0.0049

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0076 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0076

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.4247) against the same month in 2022 (average: 0.3699), the exchange rate shifted by +0.0548 (+14.82%).

2023 Avg (December) 0.4247

2022 Avg (December) 0.3699

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3636	0.3586	0.3613
February	0.3605	0.3537	0.3576
March	0.3565	0.3466	0.3500
April	0.3526	0.3466	0.3494
May	0.3886	0.3512	0.3742
June	0.3959	0.3868	0.3919
July	0.4034	0.3939	0.3982
August	0.4076	0.4001	0.4047
September	0.4111	0.4041	0.4082
October	0.4197	0.4082	0.4151
November	0.4242	0.4183	0.4207
December	0.4271	0.4207	0.4247