YEARLY HIGH
9.2754 ETB
YEARLY LOW
1.5803 ETB
YEARLY AVERAGE
1.8369 ETB

2021 HNL to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the HNL to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 9.2754. Conversely, the yearly low was recorded on January 6, dropping to 1.5803.

This high-to-low spread represents a total annual volatility of 7.6951 ETB. From a start-to-finish perspective, comparing the January average rate of 1.6258 to the December average rate of 2.2371, the exchange rate registered a net change of 37.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 9.2754 was up 470.47% compared to the 2020 peak of 1.6259, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 46,377 ETB
2020 Average 7,069 ETB
Yearly Trough Low 7,902 ETB
Transaction Impact: A difference of 38,475.43 ETB purely based on transaction execution date.

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2.2982
1.5646
JanuMarcMayJulySeptNove

HNL 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 1.7081, compared to 1.9657 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2576 points.

H1 Avg (Jan–Jun) 1.7081
H2 Avg (Jul–Dec) 1.9657

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 7.2937 ETB (High: 9.2754 / Low: 1.9817). On the other end, September was the most stable month, with a tight range of 0.0323 ETB (High: 1.9249 / Low: 1.8927).

December Spread (Volatile) Âą7.2937
September Spread (Stable) Âą0.0323

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.
Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 2.2371) against the same month in 2020 (average: 1.5965), the exchange rate shifted by +0.6405 (+40.12%).

2021 Avg (December) 2.2371
2020 Avg (December) 1.5965

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Month High Low Average
January 1.6368 1.5803 1.6258
February 1.6752 1.6210 1.6434
March 1.7117 1.6530 1.6724
April 1.7487 1.7015 1.7287
May 1.8114 1.7357 1.7699
June 1.8351 1.7884 1.8085
July 1.8693 1.8270 1.8457
August 1.9170 1.8435 1.8973
September 1.9249 1.8927 1.9115
October 1.9641 1.9107 1.9360
November 1.9985 1.9537 1.9666
December 9.2754 1.9817 2.2371