2021 GHS to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 GHS to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the GHS to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 36.7947. Conversely, the yearly low was recorded on January 5, dropping to 6.6926.
This high-to-low spread represents a total annual volatility of 30.1021 ETB. From a start-to-finish perspective, comparing the January average rate of 6.7339 to the December average rate of 8.8468, the exchange rate registered a net change of 31.38% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 36.7947 was up 449.07% compared to the 2020 peak of 6.7013, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GHS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
GHS to ETB 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 7.1228, compared to 7.8115 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6887 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was December, with a trading range of 29.0011 ETB (High: 36.7947 / Low: 7.7936). On the other end, January was the most stable month, with a tight range of 0.0804 ETB (High: 6.7730 / Low: 6.6926).
Growth Streaks & Declines
TrendsBetween January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0592 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2021: 8.8468) against the same month in 2020 (average: 6.5957), the exchange rate shifted by +2.2511 (+34.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 6.7730 | 6.6926 | 6.7339 |
| February | 7.0177 | 6.7680 | 6.8748 |
| March | 7.1988 | 6.9904 | 7.0499 |
| April | 7.2811 | 7.1041 | 7.2072 |
| May | 7.5173 | 7.2572 | 7.3862 |
| June | 7.5296 | 7.4456 | 7.4848 |
| July | 7.4932 | 7.3912 | 7.4256 |
| August | 7.5608 | 7.3583 | 7.4976 |
| September | 7.7403 | 7.5248 | 7.6356 |
| October | 7.7725 | 7.6364 | 7.7042 |
| November | 7.8506 | 7.6829 | 7.7594 |
| December | 36.7947 | 7.7936 | 8.8468 |