2020 ETB to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 ETB to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the ETB to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 300.8198. Conversely, the yearly low was recorded on December 31, dropping to 254.1799.
This high-to-low spread represents a total annual volatility of 46.6398 GNF. From a start-to-finish perspective, comparing the January average rate of 295.8539 to the December average rate of 256.9383, the exchange rate registered a net change of -13.15% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 300.8198 was down 7.60% compared to the 2019 peak of 325.5759, 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 2020.
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 287.8753, compared to 264.4355 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 23.4398 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was May, with a trading range of 9.8078 GNF (High: 286.4651 / Low: 276.6573). On the other end, July was the most stable month, with a tight range of 4.3179 GNF (High: 276.8715 / Low: 272.5536).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 6.5418 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2020: 295.0570) against the same month in 2019 (average: 322.1962), the exchange rate shifted by -27.1392 (-8.42%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 299.1848 | 292.3795 | 295.8539 |
| February | 300.8198 | 291.6538 | 295.0570 |
| March | 294.8314 | 286.5297 | 290.6356 |
| April | 292.6165 | 283.9339 | 287.2683 |
| May | 286.4651 | 276.6573 | 280.7265 |
| June | 283.4027 | 274.8887 | 277.7108 |
| July | 276.8715 | 272.5536 | 273.6260 |
| August | 275.3884 | 267.2185 | 269.7865 |
| September | 267.9444 | 261.5472 | 264.7943 |
| October | 265.8915 | 256.7379 | 262.8718 |
| November | 264.0796 | 257.1213 | 258.5962 |
| December | 258.9814 | 254.1799 | 256.9383 |