YEARLY HIGH
14.5687 ETB
YEARLY LOW
2.5374 ETB
YEARLY AVERAGE
2.9946 ETB

2021 ZAR to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ZAR to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 14.5687. Conversely, the yearly low was recorded on January 11, dropping to 2.5374.

This high-to-low spread represents a total annual volatility of 12.0313 ETB. From a start-to-finish perspective, comparing the January average rate of 2.6078 to the December average rate of 3.4313, the exchange rate registered a net change of 31.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 14.5687 was up 441.01% compared to the 2020 peak of 2.6928, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 728,433 ETB
2020 Average 106,835 ETB
Yearly Trough Low 126,870 ETB
Transaction Impact: A difference of 601,563.39 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

3.5136
2.5254
JanuMarcMayJulySeptNove

ZAR 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 2.8424, compared to 3.1468 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3044 points.

H1 Avg (Jan–Jun) 2.8424
H2 Avg (Jul–Dec) 3.1468

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 11.5929 ETB (High: 14.5687 / Low: 2.9758). On the other end, July was the most stable month, with a tight range of 0.1176 ETB (High: 3.0949 / Low: 2.9774).

December Spread (Volatile) ±11.5929
July Spread (Stable) ±0.1176

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0888 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0888

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 3.4313) against the same month in 2020 (average: 2.6039), the exchange rate shifted by +0.8274 (+31.78%).

2021 Avg (December) 3.4313
2020 Avg (December) 2.6039

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.6990 2.5374 2.6078
February 2.7769 2.6213 2.6977
March 2.7874 2.5910 2.7024
April 2.9430 2.8037 2.8869
May 3.1722 2.9079 3.0345
June 3.2144 3.0169 3.1251
July 3.0949 2.9774 3.0378
August 3.1435 2.9518 3.0511
September 3.2549 3.0485 3.1610
October 3.2683 3.0804 3.1442
November 3.1772 2.9034 3.0554
December 14.5687 2.9758 3.4313