2020 NGN to ETB Historical Review

YEARLY HIGH

0.1031 ETB

YEARLY LOW

0.0841 ETB

YEARLY AVERAGE

0.0919 ETB

2020 NGN to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.1031. Conversely, the yearly low was recorded on April 22, dropping to 0.0841.

This high-to-low spread represents a total annual volatility of 0.0190 ETB. From a start-to-finish perspective, comparing the January average rate of 0.0885 to the December average rate of 0.1008, the exchange rate registered a net change of 13.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.1031 was up 8.05% compared to the 2019 peak of 0.0954, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 103,117 ETB

2019 Average 81,183 ETB

Yearly Trough Low 84,125 ETB

Transaction Impact: A difference of 18,991.49 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.1023

0.0844

JanuMarcMayJulySeptNove

NGN 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 0.0877, compared to 0.0961 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0084 points.

H1 Avg (Jan–Jun) 0.0877

H2 Avg (Jul–Dec) 0.0961

Volatility Range Comparison

Volatility

The most volatile month in 2020 was April, with a trading range of 0.0062 ETB (High: 0.0903 / Low: 0.0841). On the other end, July was the most stable month, with a tight range of 0.0015 ETB (High: 0.0912 / Low: 0.0897).

April Spread (Volatile) ±0.0062

July Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0021 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.1008) against the same month in 2019 (average: 0.0868), the exchange rate shifted by +0.0140 (+16.13%).

2020 Avg (December) 0.1008

2019 Avg (December) 0.0868

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0891	0.0876	0.0885
February	0.0892	0.0870	0.0882
March	0.0898	0.0844	0.0880
April	0.0903	0.0841	0.0859
May	0.0884	0.0852	0.0867
June	0.0905	0.0878	0.0888
July	0.0912	0.0897	0.0908
August	0.0939	0.0905	0.0928
September	0.0968	0.0938	0.0955
October	0.1000	0.0957	0.0974
November	0.1003	0.0967	0.0991
December	0.1031	0.0994	0.1008