2020 ETB to NGN Historical Review

YEARLY HIGH

11.8870 NGN

YEARLY LOW

9.6977 NGN

YEARLY AVERAGE

10.9158 NGN

2020 ETB to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ETB to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 22, valuing the pair at 11.8870. Conversely, the yearly low was recorded on December 28, dropping to 9.6977.

This high-to-low spread represents a total annual volatility of 2.1893 NGN. From a start-to-finish perspective, comparing the January average rate of 11.3001 to the December average rate of 9.9181, the exchange rate registered a net change of -12.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 11.8870 was down 8.45% compared to the 2019 peak of 12.9842, 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 59,435 NGN

2019 Average 61,673 NGN

Yearly Trough Low 48,489 NGN

Transaction Impact: A difference of 10,946.47 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

11.8183

9.7454

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 11.4083, compared to 10.4232 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9851 points.

H1 Avg (Jan–Jun) 11.4083

H2 Avg (Jul–Dec) 10.4232

Volatility Range Comparison

Volatility

The most volatile month in 2020 was April, with a trading range of 0.8162 NGN (High: 11.8870 / Low: 11.0709). On the other end, July was the most stable month, with a tight range of 0.1824 NGN (High: 11.1428 / Low: 10.9605).

April Spread (Volatile) ±0.8162

July Spread (Stable) ±0.1824

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.3031 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3031

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2020: 11.6455) against the same month in 2019 (average: 12.5053), the exchange rate shifted by -0.8598 (-6.88%).

2020 Avg (April) 11.6455

2019 Avg (April) 12.5053

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.4112	11.2197	11.3001
February	11.4893	11.2157	11.3416
March	11.8515	11.1302	11.3693
April	11.8870	11.0709	11.6455
May	11.7429	11.3132	11.5316
June	11.3924	11.0458	11.2620
July	11.1428	10.9605	11.0171
August	11.0464	10.6471	10.7759
September	10.6556	10.3341	10.4727
October	10.4442	10.0019	10.2682
November	10.3364	9.9719	10.0872
December	10.0612	9.6977	9.9181