2017 QAR to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 QAR to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the QAR to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 7.5584. Conversely, the yearly low was recorded on June 27, dropping to 6.0828.
This high-to-low spread represents a total annual volatility of 1.4756 ETB. From a start-to-finish perspective, comparing the January average rate of 6.1968 to the December average rate of 7.4582, the exchange rate registered a net change of 20.35% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 7.5584 was up 22.23% compared to the 2016 peak of 6.1838, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 QAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
QAR 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 6.2571, compared to 6.7687 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5116 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was October, with a trading range of 1.2194 ETB (High: 7.5096 / Low: 6.2902). On the other end, April was the most stable month, with a tight range of 0.0865 ETB (High: 6.3225 / Low: 6.2360).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0353 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2017: 7.4582) against the same month in 2016 (average: 6.1504), the exchange rate shifted by +1.3078 (+21.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 6.2475 | 6.1202 | 6.1968 |
| February | 6.2780 | 6.1531 | 6.2261 |
| March | 6.3029 | 6.1838 | 6.2427 |
| April | 6.3225 | 6.2360 | 6.2776 |
| May | 6.3643 | 6.2760 | 6.3173 |
| June | 6.3714 | 6.0828 | 6.2821 |
| July | 6.4132 | 6.2097 | 6.3352 |
| August | 6.4501 | 6.3007 | 6.3767 |
| September | 6.4463 | 6.3033 | 6.3498 |
| October | 7.5096 | 6.2902 | 6.9157 |
| November | 7.5201 | 6.9771 | 7.1766 |
| December | 7.5584 | 7.3231 | 7.4582 |