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2021 ETB to STD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the ETB to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 520.8535. Conversely, the yearly low was recorded on December 27, dropping to 93.5765.
This high-to-low spread represents a total annual volatility of 427.2770 STD. From a start-to-finish perspective, comparing the January average rate of 518.9950 to the December average rate of 425.3694, the exchange rate registered a net change of -18.04% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 520.8535 was down 24.63% compared to the 2020 peak of 691.0342, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ETB based on timing:
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ETB to STD 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 499.0958, compared to 448.8820 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 50.2137 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was December, with a trading range of 349.2650 STD (High: 442.8415 / Low: 93.5765). On the other end, January was the most stable month, with a tight range of 5.3287 STD (High: 520.8535 / Low: 515.5248).
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 17.4460 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2021: 518.9950) against the same month in 2020 (average: 672.5441), the exchange rate shifted by -153.5491 (-22.83%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 520.8535 | 515.5248 | 518.9950 |
| February | 519.5831 | 503.1943 | 511.6451 |
| March | 514.8848 | 498.9316 | 507.6255 |
| April | 508.0958 | 493.3435 | 498.1971 |
| May | 495.2463 | 476.3904 | 486.3599 |
| June | 481.1344 | 467.1342 | 471.7520 |
| July | 472.8262 | 465.1432 | 467.7001 |
| August | 468.8338 | 454.4658 | 459.5174 |
| September | 455.8780 | 444.9371 | 450.1246 |
| October | 455.2195 | 441.7417 | 447.7654 |
| November | 448.4400 | 439.8652 | 442.8153 |
| December | 442.8415 | 93.5765 | 425.3694 |