2023 SGD to ETB Historical Review

YEARLY HIGH

42.7231 ETB

YEARLY LOW

39.5733 ETB

YEARLY AVERAGE

40.7638 ETB

2023 SGD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 42.7231. Conversely, the yearly low was recorded on March 18, dropping to 39.5733.

This high-to-low spread represents a total annual volatility of 3.1499 ETB. From a start-to-finish perspective, comparing the January average rate of 40.4931 to the December average rate of 42.1828, the exchange rate registered a net change of 4.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 42.7231 was up 6.75% compared to the 2022 peak of 40.0198, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 213,616 ETB

2022 Average 188,400 ETB

Yearly Trough Low 197,866 ETB

Transaction Impact: A difference of 15,749.25 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

42.3924

39.8779

JanuMarcMayJulySeptNove

SGD 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 40.4439, compared to 41.0838 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6398 points.

H1 Avg (Jan–Jun) 40.4439

H2 Avg (Jul–Dec) 41.0838

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 1.2914 ETB (High: 41.1113 / Low: 39.8200). On the other end, September was the most stable month, with a tight range of 0.5432 ETB (High: 40.8408 / Low: 40.2976).

February Spread (Volatile) ±1.2914

September Spread (Stable) ±0.5432

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 0.3005 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 42.1828) against the same month in 2022 (average: 39.5940), the exchange rate shifted by +2.5888 (+6.54%).

2023 Avg (December) 42.1828

2022 Avg (December) 39.5940

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	40.8869	39.8515	40.4931
February	41.1113	39.8200	40.2910
March	40.5947	39.5733	40.0875
April	41.0557	40.1367	40.6723
May	41.0941	40.2049	40.5790
June	40.9655	40.1432	40.5406
July	41.6402	40.3786	41.0713
August	41.1904	40.4372	40.7708
September	40.8408	40.2976	40.5028
October	40.8656	40.2809	40.6240
November	42.0156	40.7496	41.3508
December	42.7231	41.5466	42.1828