2021 ETB to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 ETB to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the ETB to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 99.3984. Conversely, the yearly low was recorded on December 27, dropping to 17.5747.
This high-to-low spread represents a total annual volatility of 81.8238 MGA. From a start-to-finish perspective, comparing the January average rate of 96.6092 to the December average rate of 79.5334, the exchange rate registered a net change of -17.68% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 99.3984 was down 15.01% compared to the 2020 peak of 116.9492, 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 2021.
ETB to MGA 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 91.7311, compared to 84.4169 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.3142 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was December, with a trading range of 65.7237 MGA (High: 83.2983 / Low: 17.5747). On the other end, October was the most stable month, with a tight range of 1.5775 MGA (High: 85.4978 / Low: 83.9203).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 4.2116 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2021: 96.6092) against the same month in 2020 (average: 114.8186), the exchange rate shifted by -18.2094 (-15.86%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 99.3984 | 95.5007 | 96.6092 |
| February | 96.0260 | 92.2599 | 94.4555 |
| March | 94.5794 | 91.7432 | 93.2057 |
| April | 92.4686 | 89.7390 | 91.0111 |
| May | 90.6113 | 86.2332 | 88.2017 |
| June | 88.6479 | 86.2466 | 86.9032 |
| July | 89.5365 | 85.5925 | 87.1204 |
| August | 86.9044 | 84.6409 | 86.2136 |
| September | 86.1678 | 84.3708 | 85.2948 |
| October | 85.4978 | 83.9203 | 84.5943 |
| November | 84.3386 | 82.6539 | 83.7450 |
| December | 83.2983 | 17.5747 | 79.5334 |