2023 NZD to ETB Historical Review

YEARLY HIGH

35.7060 ETB

YEARLY LOW

32.2620 ETB

YEARLY AVERAGE

33.6151 ETB

2023 NZD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 35.7060. Conversely, the yearly low was recorded on October 22, dropping to 32.2620.

This high-to-low spread represents a total annual volatility of 3.4440 ETB. From a start-to-finish perspective, comparing the January average rate of 34.3583 to the December average rate of 34.9816, the exchange rate registered a net change of 1.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 35.7060 was down 0.42% compared to the 2022 peak of 35.8561, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 178,530 ETB

2022 Average 165,007 ETB

Yearly Trough Low 161,310 ETB

Transaction Impact: A difference of 17,220.03 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

35.2062

32.5108

JanuMarcMayJulySeptNove

NZD 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 33.7231, compared to 33.5071 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2160 points.

H1 Avg (Jan–Jun) 33.7231

H2 Avg (Jul–Dec) 33.5071

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 1.9407 ETB (High: 34.6776 / Low: 32.7369). On the other end, September was the most stable month, with a tight range of 0.7564 ETB (High: 33.1164 / Low: 32.3599).

May Spread (Volatile) ±1.9407

September Spread (Stable) ±0.7564

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 1.1385 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.1385

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 34.9816) against the same month in 2022 (average: 34.0201), the exchange rate shifted by +0.9615 (+2.83%).

2023 Avg (December) 34.9816

2022 Avg (December) 34.0201

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	34.8386	33.4057	34.3583
February	34.9651	33.0688	33.7321
March	33.7964	32.8000	33.3644
April	34.2891	33.0712	33.6416
May	34.6776	32.7369	33.7527
June	34.1399	32.8475	33.4896
July	35.0336	33.5065	34.1220
August	33.7538	32.4703	32.9836
September	33.1164	32.3599	32.7354
October	33.6190	32.2620	32.7823
November	34.5872	32.7317	33.4377
December	35.7060	34.1720	34.9816