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2020 BTN to VEF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the BTN to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 3515.7721. Conversely, the yearly low was recorded on April 21, dropping to 3230.9044.
This high-to-low spread represents a total annual volatility of 284.8676 VEF. From a start-to-finish perspective, comparing the January average rate of 3488.5160 to the December average rate of 3374.9792, the exchange rate registered a net change of -3.25% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 3515.7721 was down 3.33% compared to the 2019 peak of 3636.7493, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BTN based on timing:
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BTN to VEF 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: JanâJun) was 3356.9810, compared to 3355.8436 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 1.1374 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 186.3091 VEF (High: 3441.3968 / Low: 3255.0877). On the other end, November was the most stable month, with a tight range of 36.9144 VEF (High: 3364.9805 / Low: 3328.0661).
Growth Streaks & Declines
TrendsBetween June and September, 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 February and March, when the average rate fell by 133.1622 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2020: 3488.5160) against the same month in 2019 (average: 3518.8860), the exchange rate shifted by -30.3699 (-0.86%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 3515.7721 | 3459.5812 | 3488.5160 |
| February | 3494.4746 | 3441.3968 | 3477.3665 |
| March | 3441.3968 | 3255.0877 | 3344.2043 |
| April | 3296.9440 | 3230.9044 | 3263.8023 |
| May | 3332.1338 | 3269.0767 | 3286.9128 |
| June | 3306.5748 | 3263.7281 | 3281.0842 |
| July | 3333.8618 | 3286.3159 | 3316.0910 |
| August | 3390.3135 | 3308.4417 | 3332.9358 |
| September | 3420.7321 | 3368.7055 | 3385.2079 |
| October | 3398.9774 | 3333.5519 | 3379.1426 |
| November | 3364.9805 | 3328.0661 | 3346.7054 |
| December | 3401.5170 | 3358.6104 | 3374.9792 |