2023 SAR to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SAR to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SAR to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 15.0544. Conversely, the yearly low was recorded on March 19, dropping to 14.1322.
This high-to-low spread represents a total annual volatility of 0.9222 ETB. From a start-to-finish perspective, comparing the January average rate of 14.2793 to the December average rate of 14.9716, the exchange rate registered a net change of 4.85% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 15.0544 was up 5.41% compared to the 2022 peak of 14.2819, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SAR 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 14.4007, compared to 14.7813 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3806 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 0.2323 ETB (High: 14.3644 / Low: 14.1322). On the other end, September was the most stable month, with a tight range of 0.0717 ETB (High: 14.7539 / Low: 14.6822).
Growth Streaks & Declines
TrendsBetween March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0012 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 14.9716) against the same month in 2022 (average: 14.2386), the exchange rate shifted by +0.7331 (+5.15%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 14.3327 | 14.2292 | 14.2793 |
| February | 14.4020 | 14.2436 | 14.3165 |
| March | 14.3644 | 14.1322 | 14.3153 |
| April | 14.5135 | 14.2876 | 14.4422 |
| May | 14.5829 | 14.4167 | 14.4979 |
| June | 14.6222 | 14.4663 | 14.5531 |
| July | 14.6886 | 14.5499 | 14.6176 |
| August | 14.7547 | 14.5836 | 14.6840 |
| September | 14.7539 | 14.6822 | 14.7229 |
| October | 14.9106 | 14.7480 | 14.8261 |
| November | 14.9744 | 14.7634 | 14.8654 |
| December | 15.0544 | 14.8486 | 14.9716 |