2021 ETB to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 ETB to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the ETB to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 10.2256. Conversely, the yearly low was recorded on December 27, dropping to 1.8166.
This high-to-low spread represents a total annual volatility of 8.4089 NGN. From a start-to-finish perspective, comparing the January average rate of 9.8394 to the December average rate of 8.2443, the exchange rate registered a net change of -16.21% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 10.2256 was down 13.98% compared to the 2020 peak of 11.8870, 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 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 9.5880, compared to 8.8450 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7431 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was December, with a trading range of 6.7627 NGN (High: 8.5793 / Low: 1.8166). On the other end, July was the most stable month, with a tight range of 0.1448 NGN (High: 9.4181 / Low: 9.2733).
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 0.4053 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2021: 9.7874) against the same month in 2020 (average: 11.3416), the exchange rate shifted by -1.5542 (-13.70%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.0366 | 9.6574 | 9.8394 |
| February | 10.2256 | 9.4467 | 9.7874 |
| March | 9.9981 | 9.3075 | 9.5828 |
| April | 9.8944 | 9.0379 | 9.3831 |
| May | 9.7536 | 8.9345 | 9.4792 |
| June | 9.5708 | 9.3483 | 9.4563 |
| July | 9.4181 | 9.2733 | 9.3320 |
| August | 9.3155 | 9.0115 | 9.1204 |
| September | 9.0416 | 8.8508 | 8.9348 |
| October | 8.9018 | 8.6791 | 8.7887 |
| November | 8.7047 | 8.5404 | 8.6496 |
| December | 8.5793 | 1.8166 | 8.2443 |