2023 MMK to ETB Historical Review

YEARLY HIGH

0.0268 ETB

YEARLY LOW

0.0255 ETB

YEARLY AVERAGE

0.0261 ETB

2023 MMK to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MMK to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.0268. Conversely, the yearly low was recorded on January 27, dropping to 0.0255.

This high-to-low spread represents a total annual volatility of 0.0014 ETB. From a start-to-finish perspective, comparing the January average rate of 0.0255 to the December average rate of 0.0267, the exchange rate registered a net change of 4.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0268 was down 7.24% compared to the 2022 peak of 0.0289, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 134 ETB

2022 Average 135 ETB

Yearly Trough Low 127 ETB

Transaction Impact: A difference of 6.80 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0268

0.0254

JanuMarcMayJulySeptNove

MMK 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 0.0257, compared to 0.0264 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0257

H2 Avg (Jul–Dec) 0.0264

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0004 ETB (High: 0.0268 / Low: 0.0265). On the other end, March was the most stable month, with a tight range of 0.0001 ETB (High: 0.0257 / Low: 0.0256).

December Spread (Volatile) ±0.0004

March Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0267) against the same month in 2022 (average: 0.0255), the exchange rate shifted by +0.0012 (+4.82%).

2023 Avg (December) 0.0267

2022 Avg (December) 0.0255

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0256	0.0255	0.0255
February	0.0257	0.0255	0.0256
March	0.0257	0.0256	0.0256
April	0.0260	0.0257	0.0258
May	0.0260	0.0258	0.0259
June	0.0261	0.0259	0.0260
July	0.0263	0.0260	0.0261
August	0.0263	0.0260	0.0262
September	0.0263	0.0262	0.0263
October	0.0267	0.0263	0.0265
November	0.0267	0.0265	0.0266
December	0.0268	0.0265	0.0267