2020 PGK āĻĨā§āĻā§ ETB-āĻāϰ āĻāϤāĻŋāĻšāĻžāϏāĻŋāĻ āĻĒāϰā§āϝāĻžāϞā§āĻāύāĻž
2020 āϏāĻžāϞ āĻā§āĻĄāĻŧā§ āĻŦāĻŋāύāĻŋāĻŽāϝāĻŧ āĻšāĻžāϰā§āϰ āĻāϰā§āĻŽāĻā§āώāĻŽāϤāĻžāϰ āĻāĻāĻāĻŋ āĻŦāĻŋāĻļāĻĻ āĻŦāĻŋāĻļā§āϞā§āώāĻŖāĨ¤
2020 PGK to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the PGK to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 11.2074. Conversely, the yearly low was recorded on February 3, dropping to 9.1719.
This high-to-low spread represents a total annual volatility of 2.0355 ETB. From a start-to-finish perspective, comparing the January average rate of 9.4213 to the December average rate of 11.0072, the exchange rate registered a net change of 16.83% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 11.2074 was up 7.09% compared to the 2019 peak of 10.4659, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PGK based on timing:
āĻĒā§āϰāĻŦāĻŖāϤāĻžāϰ āĻāĻŋāϤā§āϰāĻžāϝāĻŧāύ
2020 āϏāĻžāϞ āĻā§āĻĄāĻŧā§ āĻŽāĻžāϏāĻŋāĻ āĻāĻĄāĻŧ āĻāĻ āĻžāύāĻžāĻŽāĻžāĨ¤
PGK to ETB 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 9.6078, compared to 10.5325 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 0.9247 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was February, with a trading range of 0.4516 ETB (High: 9.6235 / Low: 9.1719). On the other end, April was the most stable month, with a tight range of 0.2429 ETB (High: 9.7111 / Low: 9.4682).
Growth Streaks & Declines
TrendsBetween 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.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 11.0072) against the same month in 2019 (average: 9.2370), the exchange rate shifted by +1.7702 (+19.16%).
āĻŽāĻžāϏāĻŋāĻ āĻŦāĻŋāĻļā§āϞā§āώāĻŖ
āĻĒā§āϰāϤāĻŋāĻāĻŋ āĻā§āϝāĻžāϞā§āύā§āĻĄāĻžāϰ āĻŽāĻžāϏā§āϰ āĻĒāϰāĻŋāϏāĻāĻā§āϝāĻžāύāĻāϤ āϏāĻžāϰāϏāĻāĻā§āώā§āĻĒāĨ¤
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.5325 | 9.2791 | 9.4213 |
| February | 9.6235 | 9.1719 | 9.4339 |
| March | 9.6301 | 9.3579 | 9.5135 |
| April | 9.7111 | 9.4682 | 9.5913 |
| May | 9.9165 | 9.5574 | 9.7406 |
| June | 10.1403 | 9.7648 | 9.9465 |
| July | 10.2995 | 10.0125 | 10.1383 |
| August | 10.3647 | 10.0142 | 10.1856 |
| September | 10.6288 | 10.3200 | 10.4885 |
| October | 10.7237 | 10.4263 | 10.6105 |
| November | 10.8615 | 10.4990 | 10.7648 |
| December | 11.2074 | 10.8363 | 11.0072 |