2023 PEN to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PEN to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PEN to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 15.4642. Conversely, the yearly low was recorded on January 26, dropping to 13.7420.
This high-to-low spread represents a total annual volatility of 1.7223 ETB. From a start-to-finish perspective, comparing the January average rate of 14.0302 to the December average rate of 15.0322, the exchange rate registered a net change of 7.14% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 15.4642 was up 9.32% compared to the 2022 peak of 14.1461, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PEN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
PEN to ETB Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 14.4013, compared to 14.8821 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4808 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 0.5998 ETB (High: 15.0608 / Low: 14.4610). On the other end, March was the most stable month, with a tight range of 0.2197 ETB (High: 14.3580 / Low: 14.1383).
Growth Streaks & Declines
TrendsBetween February and July, 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 September and October, when the average rate fell by 0.3428 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 15.2372) against the same month in 2022 (average: 13.4194), the exchange rate shifted by +1.8178 (+13.55%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 14.2388 | 13.7420 | 14.0302 |
| February | 14.1420 | 13.7665 | 13.9958 |
| March | 14.3580 | 14.1383 | 14.2308 |
| April | 14.6147 | 14.3122 | 14.4198 |
| May | 14.9095 | 14.5717 | 14.7606 |
| June | 15.1217 | 14.7557 | 14.9708 |
| July | 15.4642 | 15.0007 | 15.2372 |
| August | 15.2454 | 14.7272 | 14.9213 |
| September | 14.9616 | 14.5447 | 14.8294 |
| October | 14.6796 | 14.3168 | 14.4866 |
| November | 15.0608 | 14.4610 | 14.7857 |
| December | 15.2866 | 14.7539 | 15.0322 |