YEARLY HIGH
0.0296 ETB
YEARLY LOW
0.0216 ETB
YEARLY AVERAGE
0.0255 ETB

2020 MMK to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MMK to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0296. Conversely, the yearly low was recorded on January 13, dropping to 0.0216.

This high-to-low spread represents a total annual volatility of 0.0081 ETB. From a start-to-finish perspective, comparing the January average rate of 0.0218 to the December average rate of 0.0290, the exchange rate registered a net change of 32.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0296 was up 36.84% compared to the 2019 peak of 0.0217, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 148 ETB
2019 Average 96 ETB
Yearly Trough Low 108 ETB
Transaction Impact: A difference of 40.31 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0299
0.0211
JanuMarcMayJulySeptNove

MMK 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 0.0232, compared to 0.0278 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0046 points.

H1 Avg (Jan–Jun) 0.0232
H2 Avg (Jul–Dec) 0.0278

Volatility Range Comparison

Volatility

The most volatile month in 2020 was December, with a trading range of 0.0018 ETB (High: 0.0296 / Low: 0.0278). On the other end, January was the most stable month, with a tight range of 0.0004 ETB (High: 0.0220 / Low: 0.0216).

December Spread (Volatile) ±0.0018
January Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between April and November, 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 November and December, when the average rate fell by 0.0002 points.

Longest Streak 7 Mo.
Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.0290) against the same month in 2019 (average: 0.0210), the exchange rate shifted by +0.0080 (+37.89%).

2020 Avg (December) 0.0290
2019 Avg (December) 0.0210

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0220 0.0216 0.0218
February 0.0225 0.0216 0.0221
March 0.0242 0.0225 0.0233
April 0.0237 0.0225 0.0233
May 0.0244 0.0237 0.0241
June 0.0256 0.0244 0.0247
July 0.0259 0.0254 0.0257
August 0.0272 0.0256 0.0263
September 0.0282 0.0271 0.0277
October 0.0296 0.0281 0.0288
November 0.0295 0.0288 0.0291
December 0.0296 0.0278 0.0290