2020 ETB to CVE Historical Review

YEARLY HIGH

7.8564 CVE

YEARLY LOW

2.2895 CVE

YEARLY AVERAGE

2.8100 CVE

2020 ETB to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ETB to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 7.8564. Conversely, the yearly low was recorded on December 30, dropping to 2.2895.

This high-to-low spread represents a total annual volatility of 5.5670 CVE. From a start-to-finish perspective, comparing the January average rate of 3.1087 to the December average rate of 2.3493, the exchange rate registered a net change of -24.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 7.8564 was up 126.11% compared to the 2019 peak of 3.4746, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 39,282 CVE

2019 Average 16,920 CVE

Yearly Trough Low 11,447 CVE

Transaction Impact: A difference of 27,834.75 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

3.3176

2.2613

JanuMarcMayJulySeptNove

ETB to CVE 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 3.0741, compared to 2.5458 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5283 points.

H1 Avg (Jan–Jun) 3.0741

H2 Avg (Jul–Dec) 2.5458

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 4.8572 CVE (High: 7.8564 / Low: 2.9992). On the other end, September was the most stable month, with a tight range of 0.0698 CVE (High: 2.5954 / Low: 2.5255).

March Spread (Volatile) ±4.8572

September Spread (Stable) ±0.0698

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1478 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1478

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 3.2295) against the same month in 2019 (average: 3.4272), the exchange rate shifted by -0.1976 (-5.77%).

2020 Avg (March) 3.2295

2019 Avg (March) 3.4272

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.1476	3.0748	3.1087
February	3.2116	3.1190	3.1604
March	7.8564	2.9992	3.2295
April	3.1450	3.0354	3.0818
May	3.0811	2.9092	3.0042
June	2.9054	2.8144	2.8602
July	2.8481	2.6624	2.7529
August	2.6823	2.5630	2.6120
September	2.5954	2.5255	2.5617
October	2.5708	2.4843	2.5289
November	2.5193	2.4175	2.4701
December	2.4060	2.2895	2.3493