2020 ETB to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 ETB to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the ETB to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 7, valuing the pair at 1879.9149. Conversely, the yearly low was recorded on December 31, dropping to 1070.0319.
This high-to-low spread represents a total annual volatility of 809.8830 IRR. From a start-to-finish perspective, comparing the January average rate of 1313.4123 to the December average rate of 1087.9850, the exchange rate registered a net change of -17.16% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 1879.9149 was up 23.22% compared to the 2019 peak of 1525.6522, 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 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 1277.2022, compared to 1146.2850 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 130.9172 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was July, with a trading range of 687.1794 IRR (High: 1879.9149 / Low: 1192.7355). On the other end, January was the most stable month, with a tight range of 10.9320 IRR (High: 1317.7291 / Low: 1306.7970).
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 July and August, when the average rate fell by 41.0412 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2020: 1218.9154) against the same month in 2019 (average: 1453.5746), the exchange rate shifted by -234.6592 (-16.14%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1317.7291 | 1306.7970 | 1313.4123 |
| February | 1330.0849 | 1297.0471 | 1311.9154 |
| March | 1301.9938 | 1274.7063 | 1291.7010 |
| April | 1294.5638 | 1259.8334 | 1274.0049 |
| May | 1267.9274 | 1230.7085 | 1248.0489 |
| June | 1239.1941 | 1203.3032 | 1224.1310 |
| July | 1879.9149 | 1192.7355 | 1218.9154 |
| August | 1203.3713 | 1164.4793 | 1177.8742 |
| September | 1168.5347 | 1142.7471 | 1149.2946 |
| October | 1145.4558 | 1105.3295 | 1131.6591 |
| November | 1136.9457 | 1101.5115 | 1111.9820 |
| December | 1101.7535 | 1070.0319 | 1087.9850 |