2020 ETB to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 ETB to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the ETB to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 23.2634. Conversely, the yearly low was recorded on December 27, dropping to 19.5411.
This high-to-low spread represents a total annual volatility of 3.7223 MWK. From a start-to-finish perspective, comparing the January average rate of 22.9649 to the December average rate of 19.8202, the exchange rate registered a net change of -13.69% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 23.2634 was down 17.25% compared to the 2019 peak of 28.1115, 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 MWK 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 22.3244, compared to 20.4028 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.9215 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was June, with a trading range of 0.6933 MWK (High: 21.7006 / Low: 21.0073). On the other end, January was the most stable month, with a tight range of 0.1806 MWK (High: 23.0702 / Low: 22.8895).
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 June and July, when the average rate fell by 0.4906 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2020: 22.8823) against the same month in 2019 (average: 25.5884), the exchange rate shifted by -2.7061 (-10.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.0702 | 22.8895 | 22.9649 |
| February | 23.2634 | 22.6626 | 22.8823 |
| March | 22.7975 | 22.2726 | 22.5765 |
| April | 22.6038 | 21.9904 | 22.2685 |
| May | 22.2137 | 21.5568 | 21.8168 |
| June | 21.7006 | 21.0073 | 21.4372 |
| July | 21.1480 | 20.8297 | 20.9466 |
| August | 21.2462 | 20.7166 | 20.8585 |
| September | 20.6888 | 20.3456 | 20.4616 |
| October | 20.4274 | 19.8969 | 20.2604 |
| November | 20.4410 | 19.8402 | 20.0697 |
| December | 20.2093 | 19.5411 | 19.8202 |