2013 ETB to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2013.
2013 ETB to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2013
During 2013, the ETB to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 21, valuing the pair at 8.7092. Conversely, the yearly low was recorded on December 10, dropping to 8.2926.
This high-to-low spread represents a total annual volatility of 0.4167 NGN. From a start-to-finish perspective, comparing the January average rate of 8.5700 to the December average rate of 8.3312, the exchange rate registered a net change of -2.79% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2013 high of 8.7092 was down 7.33% compared to the 2012 peak of 9.3980, 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 2013.
ETB to NGN 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 8.5497, compared to 8.4732 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0765 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2013 was September, with a trading range of 0.2324 NGN (High: 8.6864 / Low: 8.4540). On the other end, February was the most stable month, with a tight range of 0.0440 NGN (High: 8.5791 / Low: 8.5351).
Growth Streaks & Declines
TrendsBetween May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.1368 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2013: 8.5829) against the same month in 2012 (average: 9.0401), the exchange rate shifted by -0.4572 (-5.06%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.5992 | 8.5458 | 8.5700 |
| February | 8.5791 | 8.5351 | 8.5582 |
| March | 8.7092 | 8.5472 | 8.5829 |
| April | 8.5794 | 8.4999 | 8.5362 |
| May | 8.5089 | 8.4480 | 8.4823 |
| June | 8.6683 | 8.4833 | 8.5688 |
| July | 8.6389 | 8.5453 | 8.5882 |
| August | 8.6296 | 8.4980 | 8.5524 |
| September | 8.6864 | 8.4540 | 8.5793 |
| October | 8.5727 | 8.3592 | 8.4425 |
| November | 8.3873 | 8.3037 | 8.3458 |
| December | 8.4229 | 8.2926 | 8.3312 |