2019 BND to ETB Historical Review

YEARLY HIGH

23.7268 ETB

YEARLY LOW

17.8336 ETB

YEARLY AVERAGE

21.3014 ETB

2019 BND to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the BND to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 23.7268. Conversely, the yearly low was recorded on January 1, dropping to 17.8336.

This high-to-low spread represents a total annual volatility of 5.8932 ETB. From a start-to-finish perspective, comparing the January average rate of 18.0929 to the December average rate of 23.2110, the exchange rate registered a net change of 28.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 23.7268 was up 12.56% compared to the 2018 peak of 21.0792, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 118,634 ETB

2018 Average 98,596 ETB

Yearly Trough Low 89,168 ETB

Transaction Impact: A difference of 29,465.88 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

23.7228

17.5811

JanuMarcMayJulySeptNove

BND 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 20.6825, compared to 21.9204 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2379 points.

H1 Avg (Jan–Jun) 20.6825

H2 Avg (Jul–Dec) 21.9204

Volatility Range Comparison

Volatility

The most volatile month in 2019 was February, with a trading range of 3.2233 ETB (High: 21.1796 / Low: 17.9563). On the other end, March was the most stable month, with a tight range of 0.2454 ETB (High: 21.2333 / Low: 20.9880).

February Spread (Volatile) ±3.2233

March Spread (Stable) ±0.2454

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 0.1535 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.1535

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 23.2110) against the same month in 2018 (average: 17.9745), the exchange rate shifted by +5.2365 (+29.13%).

2019 Avg (December) 23.2110

2018 Avg (December) 17.9745

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.9719	17.8336	18.0929
February	21.1796	17.9563	20.7555
March	21.2333	20.9880	21.1295
April	21.4117	21.0498	21.3137
May	21.5468	21.0032	21.3766
June	21.5584	20.9199	21.4267
July	21.5932	21.0880	21.4417
August	21.8608	21.0904	21.5879
September	21.8613	21.3027	21.7283
October	21.8463	21.2384	21.5749
November	22.3905	21.6530	21.9786
December	23.7268	22.3657	23.2110