2017 MYR to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 MYR to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the MYR to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 5, valuing the pair at 6.7614. Conversely, the yearly low was recorded on January 5, dropping to 4.9679.
This high-to-low spread represents a total annual volatility of 1.7935 ETB. From a start-to-finish perspective, comparing the January average rate of 5.0605 to the December average rate of 6.7095, the exchange rate registered a net change of 32.59% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 6.7614 was up 21.19% compared to the 2016 peak of 5.5791, indicating shifts in long-term support levels.
Comparing the value generated converting 20,000 MYR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
MYR 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 5.2004, compared to 5.9702 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7697 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was October, with a trading range of 0.9276 ETB (High: 6.4668 / Low: 5.5393). On the other end, February was the most stable month, with a tight range of 0.1034 ETB (High: 5.1531 / Low: 5.0497).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2017: 6.7095) against the same month in 2016 (average: 5.0228), the exchange rate shifted by +1.6867 (+33.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.1291 | 4.9679 | 5.0605 |
| February | 5.1531 | 5.0497 | 5.1033 |
| March | 5.1799 | 5.0575 | 5.1213 |
| April | 5.3025 | 5.1239 | 5.1903 |
| May | 5.4130 | 5.2789 | 5.3283 |
| June | 5.4662 | 5.3554 | 5.3990 |
| July | 5.4786 | 5.3376 | 5.4153 |
| August | 5.5196 | 5.4075 | 5.4466 |
| September | 5.6344 | 5.4607 | 5.5792 |
| October | 6.4668 | 5.5393 | 6.1192 |
| November | 6.6975 | 6.4386 | 6.5512 |
| December | 6.7614 | 6.6283 | 6.7095 |