2023 INR to ETB Historical Review

YEARLY HIGH

0.6794 ETB

YEARLY LOW

0.6432 ETB

YEARLY AVERAGE

0.6629 ETB

2023 INR to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the INR to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.6794. Conversely, the yearly low was recorded on March 19, dropping to 0.6432.

This high-to-low spread represents a total annual volatility of 0.0362 ETB. From a start-to-finish perspective, comparing the January average rate of 0.6563 to the December average rate of 0.6746, the exchange rate registered a net change of 2.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6794 was down 0.24% compared to the 2022 peak of 0.6810, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 INR based on timing:

Yearly Peak High 169,852 ETB

2022 Average 165,283 ETB

Yearly Trough Low 160,802 ETB

Transaction Impact: A difference of 9,050.47 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6771

0.6475

JanuMarcMayJulySeptNove

INR 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 0.6576, compared to 0.6682 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0106 points.

H1 Avg (Jan–Jun) 0.6576

H2 Avg (Jul–Dec) 0.6682

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0154 ETB (High: 0.6586 / Low: 0.6432). On the other end, September was the most stable month, with a tight range of 0.0064 ETB (High: 0.6685 / Low: 0.6621).

March Spread (Volatile) ±0.0154

September Spread (Stable) ±0.0064

Growth Streaks & Declines

Trends

Between August and December, 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 January and February, when the average rate fell by 0.0063 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0063

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.6746) against the same month in 2022 (average: 0.6494), the exchange rate shifted by +0.0252 (+3.89%).

2023 Avg (December) 0.6746

2022 Avg (December) 0.6494

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6624	0.6477	0.6563
February	0.6568	0.6458	0.6500
March	0.6586	0.6432	0.6536
April	0.6652	0.6550	0.6610
May	0.6657	0.6549	0.6605
June	0.6686	0.6581	0.6642
July	0.6726	0.6606	0.6671
August	0.6694	0.6607	0.6649
September	0.6685	0.6621	0.6649
October	0.6711	0.6645	0.6682
November	0.6740	0.6637	0.6695
December	0.6794	0.6685	0.6746