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2021 ETB to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the ETB to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 260.9800. Conversely, the yearly low was recorded on December 27, dropping to 41.5498.
This high-to-low spread represents a total annual volatility of 219.4303 GNF. From a start-to-finish perspective, comparing the January average rate of 258.9323 to the December average rate of 188.7291, the exchange rate registered a net change of -27.11% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 260.9800 was down 13.24% compared to the 2020 peak of 300.8198, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ETB based on timing:
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ETB to GNF 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 243.2476, compared to 208.0702 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 35.1774 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was December, with a trading range of 156.3231 GNF (High: 197.8729 / Low: 41.5498). On the other end, June was the most stable month, with a tight range of 3.5512 GNF (High: 227.4170 / Low: 223.8659).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 11.8043 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2021: 258.9323) against the same month in 2020 (average: 295.8539), the exchange rate shifted by -36.9216 (-12.48%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 260.9800 | 252.8777 | 258.9323 |
| February | 260.4690 | 251.5140 | 255.3535 |
| March | 251.6071 | 243.4143 | 248.7000 |
| April | 244.0579 | 235.4947 | 239.4221 |
| May | 236.8998 | 225.1542 | 231.3673 |
| June | 227.4170 | 223.8659 | 225.7103 |
| July | 224.6178 | 220.1029 | 222.5747 |
| August | 221.3132 | 214.3039 | 216.7182 |
| September | 215.1240 | 210.2263 | 212.2565 |
| October | 211.4719 | 203.5381 | 207.6092 |
| November | 203.1732 | 197.2611 | 200.5335 |
| December | 197.8729 | 41.5498 | 188.7291 |