2011 ETB to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 ETB to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the ETB to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 604.3122. Conversely, the yearly low was recorded on September 8, dropping to 374.4041.
This high-to-low spread represents a total annual volatility of 229.9081 GNF. From a start-to-finish perspective, comparing the January average rate of 567.3929 to the December average rate of 401.6276, the exchange rate registered a net change of -29.22% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2011 high of 604.3122 was up 7.04% compared to the 2010 peak of 564.5448, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ETB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
ETB to GNF 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: Jan–Jun) was 492.6592, compared to 394.1593 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 98.4998 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was April, with a trading range of 137.4491 GNF (High: 553.8205 / Low: 416.3714). On the other end, July was the most stable month, with a tight range of 5.4611 GNF (High: 396.3590 / Low: 390.8979).
Growth Streaks & Declines
TrendsBetween September and December, 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 March and April, when the average rate fell by 120.4095 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2011: 577.7544) against the same month in 2010 (average: 464.0305), the exchange rate shifted by +113.7239 (+24.51%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 596.5817 | 546.1521 | 567.3929 |
| February | 604.3122 | 566.1035 | 577.7544 |
| March | 598.1437 | 550.1352 | 558.1241 |
| April | 553.8205 | 416.3714 | 437.7147 |
| May | 428.0675 | 393.5071 | 419.4197 |
| June | 398.3712 | 391.4322 | 395.5491 |
| July | 396.3590 | 390.8979 | 393.4775 |
| August | 411.5100 | 385.8727 | 394.0207 |
| September | 397.5923 | 374.4041 | 386.0706 |
| October | 400.8218 | 386.4241 | 394.5665 |
| November | 405.2550 | 386.5238 | 395.1931 |
| December | 407.4219 | 389.8735 | 401.6276 |