2020 MYR to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 MYR to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the MYR to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 9.7444. Conversely, the yearly low was recorded on March 23, dropping to 7.3519.
This high-to-low spread represents a total annual volatility of 2.3925 ETB. From a start-to-finish perspective, comparing the January average rate of 7.8612 to the December average rate of 9.5418, the exchange rate registered a net change of 21.38% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 9.7444 was up 24.71% compared to the 2019 peak of 7.8134, 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 2020.
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 7.7664, compared to 8.8887 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1223 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was November, with a trading range of 0.4274 ETB (High: 9.3976 / Low: 8.9702). On the other end, January was the most stable month, with a tight range of 0.1073 ETB (High: 7.9129 / Low: 7.8056).
Growth Streaks & Declines
TrendsBetween March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1428 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 9.5418) against the same month in 2019 (average: 7.5934), the exchange rate shifted by +1.9483 (+25.66%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.9129 | 7.8056 | 7.8612 |
| February | 7.8367 | 7.5721 | 7.7185 |
| March | 7.7710 | 7.3519 | 7.5927 |
| April | 7.7584 | 7.4424 | 7.5987 |
| May | 7.8726 | 7.6638 | 7.7777 |
| June | 8.1803 | 7.9343 | 8.0493 |
| July | 8.3137 | 8.1208 | 8.2494 |
| August | 8.6782 | 8.2531 | 8.5359 |
| September | 8.9303 | 8.6836 | 8.8293 |
| October | 9.1635 | 8.8366 | 8.9622 |
| November | 9.3976 | 8.9702 | 9.2134 |
| December | 9.7444 | 9.3782 | 9.5418 |