2023 KGS to ETB Historical Review

YEARLY HIGH

0.6394 ETB

YEARLY LOW

0.6073 ETB

YEARLY AVERAGE

0.6231 ETB

2023 KGS to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KGS to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.6394. Conversely, the yearly low was recorded on March 18, dropping to 0.6073.

This high-to-low spread represents a total annual volatility of 0.0321 ETB. From a start-to-finish perspective, comparing the January average rate of 0.6268 to the December average rate of 0.6301, the exchange rate registered a net change of 0.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6394 was down 3.38% compared to the 2022 peak of 0.6617, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,197 ETB

2022 Average 3,093 ETB

Yearly Trough Low 3,036 ETB

Transaction Impact: A difference of 160.54 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6316

0.6133

JanuMarcMayJulySeptNove

KGS 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 0.6207, compared to 0.6256 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0049 points.

H1 Avg (Jan–Jun) 0.6207

H2 Avg (Jul–Dec) 0.6256

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0187 ETB (High: 0.6394 / Low: 0.6207). On the other end, September was the most stable month, with a tight range of 0.0061 ETB (High: 0.6270 / Low: 0.6208).

January Spread (Volatile) ±0.0187

September Spread (Stable) ±0.0061

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0092 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0092

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.6268) against the same month in 2022 (average: 0.5849), the exchange rate shifted by +0.0419 (+7.16%).

2023 Avg (January) 0.6268

2022 Avg (January) 0.5849

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6394	0.6207	0.6268
February	0.6266	0.6114	0.6176
March	0.6167	0.6073	0.6149
April	0.6227	0.6123	0.6193
May	0.6244	0.6181	0.6216
June	0.6285	0.6206	0.6241
July	0.6285	0.6220	0.6250
August	0.6293	0.6224	0.6254
September	0.6270	0.6208	0.6237
October	0.6281	0.6194	0.6241
November	0.6310	0.6179	0.6252
December	0.6341	0.6238	0.6301