2016 TOP to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 TOP to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the TOP to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on November 9, valuing the pair at 10.2385. Conversely, the yearly low was recorded on February 7, dropping to 9.1297.
This high-to-low spread represents a total annual volatility of 1.1088 ETB. From a start-to-finish perspective, comparing the January average rate of 9.4191 to the December average rate of 9.8331, the exchange rate registered a net change of 4.39% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 10.2385 was down 0.46% compared to the 2015 peak of 10.2859, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
TOP 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 9.5496, compared to 9.8469 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2973 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was November, with a trading range of 0.4701 ETB (High: 10.2385 / Low: 9.7684). On the other end, August was the most stable month, with a tight range of 0.1166 ETB (High: 9.8181 / Low: 9.7015).
Growth Streaks & Declines
TrendsBetween July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1358 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2016: 9.9689) against the same month in 2015 (average: 9.4686), the exchange rate shifted by +0.5003 (+5.28%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.5106 | 9.2558 | 9.4191 |
| February | 9.5120 | 9.1297 | 9.3658 |
| March | 9.6222 | 9.4182 | 9.4926 |
| April | 9.7768 | 9.5990 | 9.6725 |
| May | 9.7300 | 9.5495 | 9.6307 |
| June | 9.8659 | 9.5357 | 9.7171 |
| July | 9.7677 | 9.6008 | 9.6926 |
| August | 9.8181 | 9.7015 | 9.7690 |
| September | 9.9140 | 9.7753 | 9.8285 |
| October | 10.1071 | 9.8372 | 9.9893 |
| November | 10.2385 | 9.7684 | 9.9689 |
| December | 10.0496 | 9.6196 | 9.8331 |