2023 NPR to ETB Historical Review

YEARLY HIGH

0.4234 ETB

YEARLY LOW

0.4041 ETB

YEARLY AVERAGE

0.4144 ETB

2023 NPR to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 0.4234. Conversely, the yearly low was recorded on January 3, dropping to 0.4041.

This high-to-low spread represents a total annual volatility of 0.0193 ETB. From a start-to-finish perspective, comparing the January average rate of 0.4097 to the December average rate of 0.4213, the exchange rate registered a net change of 2.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4234 was down 0.67% compared to the 2022 peak of 0.4263, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,117 ETB

2022 Average 2,067 ETB

Yearly Trough Low 2,021 ETB

Transaction Impact: A difference of 96.50 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4227

0.4049

JanuMarcMayJulySeptNove

NPR 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 0.4111, compared to 0.4178 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0068 points.

H1 Avg (Jan–Jun) 0.4111

H2 Avg (Jul–Dec) 0.4178

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0093 ETB (High: 0.4134 / Low: 0.4041). On the other end, September was the most stable month, with a tight range of 0.0030 ETB (High: 0.4177 / Low: 0.4147).

January Spread (Volatile) ±0.0093

September Spread (Stable) ±0.0030

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 0.0033 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0033

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.4213) against the same month in 2022 (average: 0.4058), the exchange rate shifted by +0.0154 (+3.80%).

2023 Avg (December) 0.4213

2022 Avg (December) 0.4058

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4134	0.4041	0.4097
February	0.4100	0.4048	0.4064
March	0.4120	0.4063	0.4086
April	0.4158	0.4102	0.4134
May	0.4163	0.4101	0.4130
June	0.4180	0.4113	0.4151
July	0.4208	0.4124	0.4174
August	0.4178	0.4129	0.4157
September	0.4177	0.4147	0.4158
October	0.4207	0.4155	0.4180
November	0.4214	0.4166	0.4188
December	0.4234	0.4179	0.4213