2020 HNL to ETB Historical Review

YEARLY HIGH

1.6259 ETB

YEARLY LOW

1.2665 ETB

YEARLY AVERAGE

1.4134 ETB

2020 HNL to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the HNL to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 1.6259. Conversely, the yearly low was recorded on January 14, dropping to 1.2665.

This high-to-low spread represents a total annual volatility of 0.3594 ETB. From a start-to-finish perspective, comparing the January average rate of 1.2935 to the December average rate of 1.5965, the exchange rate registered a net change of 23.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.6259 was down 23.19% compared to the 2019 peak of 2.1169, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 HNL based on timing:

Yearly Peak High 8,130 ETB

2019 Average 5,954 ETB

Yearly Trough Low 6,333 ETB

Transaction Impact: A difference of 1,796.87 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.6269

1.2630

JanuMarcMayJulySeptNove

HNL to ETB 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 1.3259, compared to 1.5009 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1749 points.

H1 Avg (Jan–Jun) 1.3259

H2 Avg (Jul–Dec) 1.5009

Volatility Range Comparison

Volatility

The most volatile month in 2020 was November, with a trading range of 0.0670 ETB (High: 1.5755 / Low: 1.5085). On the other end, February was the most stable month, with a tight range of 0.0252 ETB (High: 1.3074 / Low: 1.2821).

November Spread (Volatile) ±0.0670

February Spread (Stable) ±0.0252

Growth Streaks & Declines

Trends

Between February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0002 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 1.5965) against the same month in 2019 (average: 1.3011), the exchange rate shifted by +0.2954 (+22.71%).

2020 Avg (December) 1.5965

2019 Avg (December) 1.3011

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3014	1.2665	1.2935
February	1.3074	1.2821	1.2933
March	1.3346	1.2976	1.3108
April	1.3414	1.3090	1.3267
May	1.3713	1.3300	1.3515
June	1.4057	1.3648	1.3798
July	1.4264	1.3963	1.4141
August	1.4657	1.4048	1.4460
September	1.4958	1.4548	1.4828
October	1.5462	1.4917	1.5140
November	1.5755	1.5085	1.5519
December	1.6259	1.5728	1.5965