2023 LRD to ETB Historical Review

YEARLY HIGH

0.3515 ETB

YEARLY LOW

0.2933 ETB

YEARLY AVERAGE

0.3149 ETB

2023 LRD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LRD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 0.3515. Conversely, the yearly low was recorded on August 6, dropping to 0.2933.

This high-to-low spread represents a total annual volatility of 0.0582 ETB. From a start-to-finish perspective, comparing the January average rate of 0.3452 to the December average rate of 0.2984, the exchange rate registered a net change of -13.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3515 was up 0.78% compared to the 2022 peak of 0.3487, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,757 ETB

2022 Average 1,699 ETB

Yearly Trough Low 1,467 ETB

Transaction Impact: A difference of 290.75 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3502

0.2907

JanuMarcMayJulySeptNove

LRD 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 0.3327, compared to 0.2972 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0355 points.

H1 Avg (Jan–Jun) 0.3327

H2 Avg (Jul–Dec) 0.2972

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0209 ETB (High: 0.3506 / Low: 0.3296). On the other end, September was the most stable month, with a tight range of 0.0022 ETB (High: 0.2975 / Low: 0.2954).

March Spread (Volatile) ±0.0209

September Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between August and October, 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 June and July, when the average rate fell by 0.0142 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0142

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.3433) against the same month in 2022 (average: 0.3286), the exchange rate shifted by +0.0147 (+4.48%).

2023 Avg (February) 0.3433

2022 Avg (February) 0.3286

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3487	0.3411	0.3452
February	0.3515	0.3383	0.3433
March	0.3506	0.3296	0.3371
April	0.3355	0.3243	0.3321
May	0.3287	0.3214	0.3256
June	0.3234	0.3032	0.3127
July	0.3043	0.2934	0.2985
August	0.2972	0.2933	0.2956
September	0.2975	0.2954	0.2963
October	0.2990	0.2959	0.2976
November	0.2987	0.2943	0.2968
December	0.3008	0.2960	0.2984