2020 ERN to DJF Historical Review

YEARLY HIGH

178.5432 DJF

YEARLY LOW

177.4997 DJF

YEARLY AVERAGE

178.0263 DJF

2020 ERN to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ERN to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 178.5432. Conversely, the yearly low was recorded on August 22, dropping to 177.4997.

This high-to-low spread represents a total annual volatility of 1.0435 DJF. From a start-to-finish perspective, comparing the January average rate of 178.0234 to the December average rate of 178.0320, the exchange rate registered a net change of 0.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 178.5432 was up 0.26% compared to the 2019 peak of 178.0750, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 892,716 DJF

2019 Average 889,704 DJF

Yearly Trough Low 887,499 DJF

Transaction Impact: A difference of 5,217.52 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

178.0425

177.9997

JanuMarcMayJulySeptNove

ERN to DJF 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 178.0248, compared to 178.0278 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0030 points.

H1 Avg (Jan–Jun) 178.0248

H2 Avg (Jul–Dec) 178.0278

Volatility Range Comparison

Volatility

The most volatile month in 2020 was August, with a trading range of 1.0334 DJF (High: 178.5331 / Low: 177.4997). On the other end, May was the most stable month, with a tight range of 0.0500 DJF (High: 178.0500 / Low: 178.0000).

August Spread (Volatile) ±1.0334

May Spread (Stable) ±0.0500

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0239 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0239

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2020: 178.0328) against the same month in 2019 (average: 178.0226), the exchange rate shifted by +0.0102 (+0.01%).

2020 Avg (October) 178.0328

2019 Avg (October) 178.0226

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	178.0500	178.0000	178.0234
February	178.0500	178.0000	178.0293
March	178.0500	178.0000	178.0218
April	178.0500	178.0000	178.0225
May	178.0500	178.0000	178.0234
June	178.0793	177.9794	178.0286
July	178.1895	177.8878	178.0271
August	178.5331	177.4997	178.0032
September	178.4629	177.9442	178.0328
October	178.5432	177.7862	178.0328
November	178.1331	177.9272	178.0389
December	178.1035	177.9248	178.0320