2023 IDR to ETB Historical Review

YEARLY HIGH

0.0037 ETB

YEARLY LOW

0.0034 ETB

YEARLY AVERAGE

0.0036 ETB

2023 IDR to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IDR to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on May 7, valuing the pair at 0.0037. Conversely, the yearly low was recorded on January 5, dropping to 0.0034.

This high-to-low spread represents a total annual volatility of 0.0003 ETB. From a start-to-finish perspective, comparing the January average rate of 0.0035 to the December average rate of 0.0036, the exchange rate registered a net change of 3.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0037 was up 2.76% compared to the 2022 peak of 0.0036, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 10,000,000 IDR based on timing:

Yearly Peak High 37,075 ETB

2022 Average 34,990 ETB

Yearly Trough Low 34,332 ETB

Transaction Impact: A difference of 2,743.50 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0037

0.0035

JanuMarcMayJulySeptNove

IDR 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 0.0036, compared to 0.0036 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0036

H2 Avg (Jul–Dec) 0.0036

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0002 ETB (High: 0.0036 / Low: 0.0034). On the other end, June was the most stable month, with a tight range of 0.0001 ETB (High: 0.0037 / Low: 0.0036).

January Spread (Volatile) ±0.0002

June Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between March and May, 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 September and October, when the average rate fell by 0.0001 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0037) against the same month in 2022 (average: 0.0035), the exchange rate shifted by +0.0001 (+3.43%).

2023 Avg (May) 0.0037

2022 Avg (May) 0.0035

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0036	0.0034	0.0035
February	0.0036	0.0035	0.0035
March	0.0036	0.0035	0.0035
April	0.0037	0.0036	0.0036
May	0.0037	0.0036	0.0037
June	0.0037	0.0036	0.0037
July	0.0037	0.0036	0.0036
August	0.0036	0.0036	0.0036
September	0.0036	0.0036	0.0036
October	0.0036	0.0035	0.0035
November	0.0036	0.0035	0.0036
December	0.0037	0.0036	0.0036