YEARLY HIGH
1.8865 ETB
YEARLY LOW
0.3348 ETB
YEARLY AVERAGE
0.3745 ETB

2021 NPR to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NPR to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 1.8865. Conversely, the yearly low was recorded on January 5, dropping to 0.3348.

This high-to-low spread represents a total annual volatility of 1.5517 ETB. From a start-to-finish perspective, comparing the January average rate of 0.3369 to the December average rate of 0.4512, the exchange rate registered a net change of 33.91% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.8865 was up 460.35% compared to the 2020 peak of 0.3367, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,432 ETB
2020 Average 1,475 ETB
Yearly Trough Low 1,674 ETB
Transaction Impact: A difference of 7,758.40 ETB purely based on transaction execution date.

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0.4626
0.3255
JanuMarcMayJulySeptNove

NPR 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 0.3519, compared to 0.3971 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0452 points.

H1 Avg (Jan–Jun) 0.3519
H2 Avg (Jul–Dec) 0.3971

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 1.4885 ETB (High: 1.8865 / Low: 0.3979). On the other end, January was the most stable month, with a tight range of 0.0045 ETB (High: 0.3393 / Low: 0.3348).

December Spread (Volatile) Âą1.4885
January Spread (Stable) Âą0.0045

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0011 points.

Longest Streak 8 Mo.
Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.4512) against the same month in 2020 (average: 0.3286), the exchange rate shifted by +0.1226 (+37.32%).

2021 Avg (December) 0.4512
2020 Avg (December) 0.3286

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Month High Low Average
January 0.3393 0.3348 0.3369
February 0.3486 0.3381 0.3426
March 0.3562 0.3420 0.3481
April 0.3549 0.3444 0.3502
May 0.3751 0.3536 0.3640
June 0.3742 0.3661 0.3696
July 0.3735 0.3661 0.3699
August 0.3913 0.3721 0.3805
September 0.3952 0.3893 0.3916
October 0.3956 0.3856 0.3904
November 0.4047 0.3952 0.3989
December 1.8865 0.3979 0.4512