2023 SBD to ETB Historical Review

YEARLY HIGH

6.6953 ETB

YEARLY LOW

6.4297 ETB

YEARLY AVERAGE

6.5590 ETB

2023 SBD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SBD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 6.6953. Conversely, the yearly low was recorded on April 30, dropping to 6.4297.

This high-to-low spread represents a total annual volatility of 0.2656 ETB. From a start-to-finish perspective, comparing the January average rate of 6.4900 to the December average rate of 6.6402, the exchange rate registered a net change of 2.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 6.6953 was up 2.27% compared to the 2022 peak of 6.5466, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 33,476 ETB

2022 Average 31,911 ETB

Yearly Trough Low 32,148 ETB

Transaction Impact: A difference of 1,327.97 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

6.6552

6.4750

JanuMarcMayJulySeptNove

SBD 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 6.5260, compared to 6.5920 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0660 points.

H1 Avg (Jan–Jun) 6.5260

H2 Avg (Jul–Dec) 6.5920

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.1553 ETB (High: 6.5849 / Low: 6.4297). On the other end, May was the most stable month, with a tight range of 0.0586 ETB (High: 6.5627 / Low: 6.5041).

April Spread (Volatile) ±0.1553

May Spread (Stable) ±0.0586

Growth Streaks & Declines

Trends

Between January and April, 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 August and September, when the average rate fell by 0.0078 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0078

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 6.6402) against the same month in 2022 (average: 6.5089), the exchange rate shifted by +0.1313 (+2.02%).

2023 Avg (December) 6.6402

2022 Avg (December) 6.5089

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.5324	6.4397	6.4900
February	6.5932	6.4663	6.5232
March	6.5665	6.4740	6.5315
April	6.5849	6.4297	6.5331
May	6.5627	6.5041	6.5300
June	6.5838	6.5139	6.5479
July	6.5866	6.4603	6.5540
August	6.6150	6.5367	6.5818
September	6.6123	6.5295	6.5740
October	6.6466	6.5439	6.5942
November	6.6517	6.5527	6.6077
December	6.6953	6.5666	6.6402