2021 ETB to CVE Historical Review

YEARLY HIGH

2.3433 CVE

YEARLY LOW

0.4315 CVE

YEARLY AVERAGE

2.1393 CVE

2021 ETB to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ETB to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 26, valuing the pair at 2.3433. Conversely, the yearly low was recorded on December 27, dropping to 0.4315.

This high-to-low spread represents a total annual volatility of 1.9118 CVE. From a start-to-finish perspective, comparing the January average rate of 2.3080 to the December average rate of 1.9649, the exchange rate registered a net change of -14.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.3433 was down 70.17% compared to the 2020 peak of 7.8564, 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 11,717 CVE

2020 Average 14,044 CVE

Yearly Trough Low 2,158 CVE

Transaction Impact: A difference of 9,558.85 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.3423

1.9306

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 2.2309, compared to 2.0477 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1832 points.

H1 Avg (Jan–Jun) 2.2309

H2 Avg (Jul–Dec) 2.0477

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 1.6209 CVE (High: 2.0524 / Low: 0.4315). On the other end, January was the most stable month, with a tight range of 0.0347 CVE (High: 2.3241 / Low: 2.2894).

December Spread (Volatile) ±1.6209

January Spread (Stable) ±0.0347

Growth Streaks & Declines

Trends

Between September and November, 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 April and May, when the average rate fell by 0.0856 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0856

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 2.2993) against the same month in 2020 (average: 3.2295), the exchange rate shifted by -0.9303 (-28.81%).

2021 Avg (March) 2.2993

2020 Avg (March) 3.2295

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3241	2.2894	2.3080
February	2.3412	2.2624	2.2987
March	2.3433	2.2528	2.2993
April	2.2930	2.1743	2.2251
May	2.2052	2.0922	2.1395
June	2.1857	2.0834	2.1150
July	2.1416	2.1011	2.1259
August	2.1099	2.0442	2.0784
September	2.0619	2.0196	2.0383
October	2.0660	2.0008	2.0395
November	2.0730	2.0066	2.0396
December	2.0524	0.4315	1.9649