2019 ETB to ZAR Historical Review

YEARLY HIGH

0.5336 ZAR

YEARLY LOW

0.4384 ZAR

YEARLY AVERAGE

0.4949 ZAR

2019 ETB to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the ETB to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.5336. Conversely, the yearly low was recorded on December 31, dropping to 0.4384.

This high-to-low spread represents a total annual volatility of 0.0952 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.4878 to the December average rate of 0.4573, the exchange rate registered a net change of -6.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.5336 was down 4.28% compared to the 2018 peak of 0.5575, 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 2,668 ZAR

2018 Average 2,393 ZAR

Yearly Trough Low 2,192 ZAR

Transaction Impact: A difference of 475.97 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.5268

0.4510

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 0.4950, compared to 0.4947 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.4950

H2 Avg (Jul–Dec) 0.4947

Volatility Range Comparison

Volatility

The most volatile month in 2019 was January, with a trading range of 0.0479 ZAR (High: 0.5176 / Low: 0.4697). On the other end, March was the most stable month, with a tight range of 0.0162 ZAR (High: 0.5117 / Low: 0.4955).

January Spread (Volatile) ±0.0479

March Spread (Stable) ±0.0162

Growth Streaks & Declines

Trends

Between April and June, 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 November and December, when the average rate fell by 0.0374 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0374

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 0.5204) against the same month in 2018 (average: 0.5085), the exchange rate shifted by +0.0120 (+2.35%).

2019 Avg (August) 0.5204

2018 Avg (August) 0.5085

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5176	0.4697	0.4878
February	0.4973	0.4673	0.4849
March	0.5117	0.4955	0.5042
April	0.5021	0.4817	0.4912
May	0.5119	0.4883	0.4989
June	0.5188	0.4841	0.5031
July	0.4968	0.4779	0.4856
August	0.5336	0.5033	0.5204
September	0.5232	0.4970	0.5062
October	0.5254	0.4911	0.5039
November	0.5080	0.4789	0.4947
December	0.4808	0.4384	0.4573