2019 SGD to ETB Historical Review

YEARLY HIGH

23.6969 ETB

YEARLY LOW

20.6105 ETB

YEARLY AVERAGE

21.4137 ETB

2019 SGD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the SGD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 23.6969. Conversely, the yearly low was recorded on January 2, dropping to 20.6105.

This high-to-low spread represents a total annual volatility of 3.0864 ETB. From a start-to-finish perspective, comparing the January average rate of 20.9116 to the December average rate of 23.2114, the exchange rate registered a net change of 11.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 23.6969 was up 12.42% compared to the 2018 peak of 21.0792, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SGD based on timing:

Yearly Peak High 118,484 ETB

2018 Average 102,557 ETB

Yearly Trough Low 103,053 ETB

Transaction Impact: A difference of 15,431.85 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

23.4414

20.6816

JanuMarcMayJulySeptNove

SGD 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 21.0983, compared to 21.7292 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6309 points.

H1 Avg (Jan–Jun) 21.0983

H2 Avg (Jul–Dec) 21.7292

Volatility Range Comparison

Volatility

The most volatile month in 2019 was December, with a trading range of 1.3357 ETB (High: 23.6969 / Low: 22.3612). On the other end, March was the most stable month, with a tight range of 0.2916 ETB (High: 21.1869 / Low: 20.8952).

December Spread (Volatile) ±1.3357

March Spread (Stable) ±0.2916

Growth Streaks & Declines

Trends

Between August and December, 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 July and August, when the average rate fell by 0.2169 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2169

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 23.2114) against the same month in 2018 (average: 20.5663), the exchange rate shifted by +2.6451 (+12.86%).

2019 Avg (December) 23.2114

2018 Avg (December) 20.5663

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.0936	20.6105	20.9116
February	21.1719	20.8691	21.0340
March	21.1869	20.8952	21.0782
April	21.3689	20.9907	21.2339
May	21.3173	20.8394	21.0758
June	21.5109	20.9033	21.2561
July	21.5110	20.9680	21.2745
August	21.2793	20.6922	21.0576
September	21.4280	20.9458	21.2940
October	21.8528	21.0750	21.5671
November	22.3770	21.6319	21.9703
December	23.6969	22.3612	23.2114