2020 SGD to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 SGD to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the SGD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 29.7677. Conversely, the yearly low was recorded on March 23, dropping to 22.4188.
This high-to-low spread represents a total annual volatility of 7.3489 ETB. From a start-to-finish perspective, comparing the January average rate of 23.7321 to the December average rate of 29.0568, the exchange rate registered a net change of 22.44% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 29.7677 was up 25.62% compared to the 2019 peak of 23.6969, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 23.5918, compared to 27.1359 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.5441 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was December, with a trading range of 1.1958 ETB (High: 29.7677 / Low: 28.5720). On the other end, January was the most stable month, with a tight range of 0.4058 ETB (High: 23.8945 / Low: 23.4886).
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 0.6268 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 29.0568) against the same month in 2019 (average: 23.2114), the exchange rate shifted by +5.8453 (+25.18%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.8945 | 23.4886 | 23.7321 |
| February | 23.5256 | 22.7643 | 23.1053 |
| March | 23.5209 | 22.4188 | 23.0238 |
| April | 23.6845 | 22.7750 | 23.2170 |
| May | 24.2259 | 23.3919 | 23.7909 |
| June | 25.1491 | 24.3077 | 24.6815 |
| July | 25.6401 | 24.9726 | 25.3550 |
| August | 26.6172 | 25.4502 | 26.1093 |
| September | 27.0486 | 26.3877 | 26.8115 |
| October | 27.8835 | 26.9640 | 27.3640 |
| November | 28.5522 | 27.4943 | 28.1187 |
| December | 29.7677 | 28.5720 | 29.0568 |