2019 ETB to NGN Historical Review

YEARLY HIGH

12.9842 NGN

YEARLY LOW

10.4788 NGN

YEARLY AVERAGE

12.3363 NGN

2019 ETB to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the ETB to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 12.9842. Conversely, the yearly low was recorded on August 27, dropping to 10.4788.

This high-to-low spread represents a total annual volatility of 2.5055 NGN. From a start-to-finish perspective, comparing the January average rate of 12.8140 to the December average rate of 11.5194, the exchange rate registered a net change of -10.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 12.9842 was down 1.76% compared to the 2018 peak of 13.2174, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ETB based on timing:

Yearly Peak High 64,921 NGN

2018 Average 65,292 NGN

Yearly Trough Low 52,394 NGN

Transaction Impact: A difference of 12,527.30 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

12.9435

11.3899

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 12.5182, compared to 12.1545 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3637 points.

H1 Avg (Jan–Jun) 12.5182

H2 Avg (Jul–Dec) 12.1545

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 2.1089 NGN (High: 12.5877 / Low: 10.4788). On the other end, February was the most stable month, with a tight range of 0.1447 NGN (High: 12.7845 / Low: 12.6399).

August Spread (Volatile) ±2.1089

February Spread (Stable) ±0.1447

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.5887 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.5887

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 12.8140) against the same month in 2018 (average: 13.1190), the exchange rate shifted by -0.3050 (-2.32%).

2019 Avg (January) 12.8140

2018 Avg (January) 13.1190

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.9842	12.6875	12.8140
February	12.7845	12.6399	12.6952
March	12.7353	12.5262	12.6173
April	12.5954	12.4012	12.5053
May	12.5702	12.3711	12.4695
June	12.5685	10.5237	12.0078
July	12.6039	12.3710	12.4438
August	12.5877	10.4788	12.3083
September	12.4409	12.2203	12.3052
October	12.3935	12.1360	12.2419
November	12.2965	11.8321	12.1082
December	11.9189	11.3577	11.5194