2018 ETB to ZAR Historical Review

YEARLY HIGH

0.5575 ZAR

YEARLY LOW

0.4195 ZAR

YEARLY AVERAGE

0.4784 ZAR

2018 ETB to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the ETB to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 5, valuing the pair at 0.5575. Conversely, the yearly low was recorded on February 23, dropping to 0.4195.

This high-to-low spread represents a total annual volatility of 0.1380 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.4441 to the December average rate of 0.5068, the exchange rate registered a net change of 14.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.5575 was down 9.19% compared to the 2017 peak of 0.6139, 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 2,787 ZAR

2017 Average 2,788 ZAR

Yearly Trough Low 2,097 ZAR

Transaction Impact: A difference of 689.84 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.5417

0.4197

JanuMarcMayJulySeptNove

ETB to ZAR 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 0.4472, compared to 0.5096 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0624 points.

H1 Avg (Jan–Jun) 0.4472

H2 Avg (Jul–Dec) 0.5096

Volatility Range Comparison

Volatility

The most volatile month in 2018 was August, with a trading range of 0.0551 ZAR (High: 0.5321 / Low: 0.4770). On the other end, March was the most stable month, with a tight range of 0.0158 ZAR (High: 0.4383 / Low: 0.4225).

August Spread (Volatile) ±0.0551

March Spread (Stable) ±0.0158

Growth Streaks & Declines

Trends

Between February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0184 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0184

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2018: 0.5315) against the same month in 2017 (average: 0.5598), the exchange rate shifted by -0.0282 (-5.04%).

2018 Avg (September) 0.5315

2017 Avg (September) 0.5598

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4541	0.4305	0.4441
February	0.4412	0.4195	0.4298
March	0.4383	0.4225	0.4307
April	0.4521	0.4301	0.4404
May	0.4644	0.4452	0.4555
June	0.5033	0.4560	0.4825
July	0.5022	0.4775	0.4856
August	0.5321	0.4770	0.5085
September	0.5575	0.5057	0.5315
October	0.5364	0.5088	0.5217
November	0.5183	0.4862	0.5033
December	0.5205	0.4871	0.5068