2020 NZD to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 NZD to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the NZD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 28.3796. Conversely, the yearly low was recorded on March 22, dropping to 18.4425.
This high-to-low spread represents a total annual volatility of 9.9371 ETB. From a start-to-finish perspective, comparing the January average rate of 21.1973 to the December average rate of 27.4674, the exchange rate registered a net change of 29.58% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 28.3796 was up 31.91% compared to the 2019 peak of 21.5142, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NZD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
NZD 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 20.6680, compared to 24.9015 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.2335 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 2.1412 ETB (High: 20.5837 / Low: 18.4425). On the other end, February was the most stable month, with a tight range of 0.6178 ETB (High: 20.7909 / Low: 20.1731).
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 February and March, when the average rate fell by 0.8027 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 27.4674) against the same month in 2019 (average: 20.7847), the exchange rate shifted by +6.6827 (+32.15%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 21.6103 | 20.7481 | 21.1973 |
| February | 20.7909 | 20.1731 | 20.5137 |
| March | 20.5837 | 18.4425 | 19.7110 |
| April | 20.5204 | 19.1948 | 19.8624 |
| May | 21.2234 | 19.9819 | 20.5451 |
| June | 22.6123 | 21.5030 | 22.1783 |
| July | 23.5628 | 22.5517 | 23.1780 |
| August | 24.3773 | 23.2132 | 23.6127 |
| September | 24.8321 | 24.0196 | 24.4252 |
| October | 25.2509 | 24.3133 | 24.7011 |
| November | 26.7844 | 24.9390 | 26.0246 |
| December | 28.3796 | 26.9316 | 27.4674 |