2016 ETB to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 ETB to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the ETB to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 21, valuing the pair at 1419.8555. Conversely, the yearly low was recorded on December 28, dropping to 1335.8801.
This high-to-low spread represents a total annual volatility of 83.9754 IRR. From a start-to-finish perspective, comparing the January average rate of 1412.1204 to the December average rate of 1342.9071, the exchange rate registered a net change of -4.90% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 1419.8555 was down 1.22% compared to the 2015 peak of 1437.4493, 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 2016.
ETB to IRR 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 1405.0476, compared to 1356.9695 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 48.0781 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was July, with a trading range of 27.8644 IRR (High: 1391.8573 / Low: 1363.9930). On the other end, April was the most stable month, with a tight range of 7.1393 IRR (High: 1406.3580 / Low: 1399.2187).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 17.7432 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2016: 1415.5205) against the same month in 2015 (average: 1357.3299), the exchange rate shifted by +58.1905 (+4.29%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1417.0362 | 1401.4403 | 1412.1204 |
| February | 1419.8555 | 1405.9062 | 1415.5205 |
| March | 1417.8130 | 1405.7284 | 1413.1936 |
| April | 1406.3580 | 1399.2187 | 1402.6644 |
| May | 1403.8113 | 1384.5751 | 1396.0773 |
| June | 1396.6851 | 1375.6269 | 1390.7097 |
| July | 1391.8573 | 1363.9930 | 1372.9665 |
| August | 1367.3593 | 1356.3683 | 1362.8743 |
| September | 1365.9354 | 1355.5549 | 1360.6735 |
| October | 1359.9110 | 1348.6984 | 1354.7497 |
| November | 1352.8979 | 1341.9660 | 1347.6462 |
| December | 1352.1198 | 1335.8801 | 1342.9071 |