2022 ETB to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 ETB to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the ETB to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 189.7253. Conversely, the yearly low was recorded on December 17, dropping to 160.9902.
This high-to-low spread represents a total annual volatility of 28.7352 GNF. From a start-to-finish perspective, comparing the January average rate of 183.4285 to the December average rate of 162.4320, the exchange rate registered a net change of -11.45% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 189.7253 was down 27.30% compared to the 2021 peak of 260.9800, 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 2022.
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 175.0410, compared to 164.4457 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 10.5953 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was January, with a trading range of 9.0833 GNF (High: 189.7253 / Low: 180.6420). On the other end, May was the most stable month, with a tight range of 2.3614 GNF (High: 172.1304 / Low: 169.7690).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2022. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 4.9041 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2022: 183.4285) against the same month in 2021 (average: 258.9323), the exchange rate shifted by -75.5038 (-29.16%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 189.7253 | 180.6420 | 183.4285 |
| February | 181.5557 | 175.4819 | 178.5244 |
| March | 176.3312 | 173.9358 | 174.8949 |
| April | 174.3744 | 171.1922 | 173.0963 |
| May | 172.1304 | 169.7690 | 170.9900 |
| June | 172.4214 | 166.5577 | 169.3121 |
| July | 168.9677 | 164.5199 | 166.1224 |
| August | 168.5501 | 163.6765 | 165.4686 |
| September | 167.2403 | 162.7166 | 165.0056 |
| October | 166.8251 | 162.2718 | 164.3964 |
| November | 166.0377 | 161.2812 | 163.2494 |
| December | 164.3258 | 160.9902 | 162.4320 |