2023 XDR to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 XDR to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the XDR to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 75.5847. Conversely, the yearly low was recorded on January 9, dropping to 71.2102.
This high-to-low spread represents a total annual volatility of 4.3745 ETB. From a start-to-finish perspective, comparing the January average rate of 72.0593 to the December average rate of 74.8965, the exchange rate registered a net change of 3.94% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 75.5847 was up 1.14% compared to the 2022 peak of 74.7354, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 XDR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
XDR 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 72.4659, compared to 73.6425 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1765 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 1.9290 ETB (High: 74.7590 / Low: 72.8299). On the other end, August was the most stable month, with a tight range of 0.8475 ETB (High: 74.0117 / Low: 73.1642).
Growth Streaks & Declines
TrendsBetween 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 August and September, when the average rate fell by 0.5312 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 74.8965) against the same month in 2022 (average: 71.0928), the exchange rate shifted by +3.8037 (+5.35%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 72.5717 | 71.2102 | 72.0593 |
| February | 72.8641 | 71.3500 | 71.9348 |
| March | 72.4660 | 71.3802 | 71.7217 |
| April | 73.6236 | 72.3728 | 73.1205 |
| May | 73.6144 | 72.3984 | 73.1112 |
| June | 73.4507 | 72.3607 | 72.8481 |
| July | 74.5817 | 72.6969 | 73.6789 |
| August | 74.0117 | 73.1642 | 73.5340 |
| September | 73.5021 | 72.2776 | 73.0028 |
| October | 73.4789 | 72.5763 | 73.0304 |
| November | 74.7590 | 72.8299 | 73.7122 |
| December | 75.5847 | 74.0934 | 74.8965 |