2020 ETB to SGD Historical Review

YEARLY HIGH

0.0446 SGD

YEARLY LOW

0.0336 SGD

YEARLY AVERAGE

0.0397 SGD

2020 ETB to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ETB to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 23, valuing the pair at 0.0446. Conversely, the yearly low was recorded on December 31, dropping to 0.0336.

This high-to-low spread represents a total annual volatility of 0.0110 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0421 to the December average rate of 0.0344, the exchange rate registered a net change of -18.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0446 was down 8.07% compared to the 2019 peak of 0.0485, 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 223 SGD

2019 Average 234 SGD

Yearly Trough Low 168 SGD

Transaction Impact: A difference of 55.06 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0443

0.0335

JanuMarcMayJulySeptNove

ETB to SGD 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 0.0424, compared to 0.0369 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0055 points.

H1 Avg (Jan–Jun) 0.0424

H2 Avg (Jul–Dec) 0.0369

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0021 SGD (High: 0.0446 / Low: 0.0425). On the other end, January was the most stable month, with a tight range of 0.0007 SGD (High: 0.0426 / Low: 0.0419).

March Spread (Volatile) ±0.0021

January Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between January and March, 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 May and June, when the average rate fell by 0.0015 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0434) against the same month in 2019 (average: 0.0474), the exchange rate shifted by -0.0040 (-8.43%).

2020 Avg (March) 0.0434

2019 Avg (March) 0.0474

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0426	0.0419	0.0421
February	0.0439	0.0425	0.0433
March	0.0446	0.0425	0.0434
April	0.0439	0.0422	0.0431
May	0.0427	0.0413	0.0420
June	0.0411	0.0398	0.0405
July	0.0400	0.0390	0.0394
August	0.0393	0.0376	0.0383
September	0.0379	0.0370	0.0373
October	0.0371	0.0359	0.0365
November	0.0364	0.0350	0.0356
December	0.0350	0.0336	0.0344