2020 TOP to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 TOP to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the TOP to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 17.3033. Conversely, the yearly low was recorded on March 21, dropping to 13.5949.
This high-to-low spread represents a total annual volatility of 3.7084 ETB. From a start-to-finish perspective, comparing the January average rate of 13.9587 to the December average rate of 16.9472, the exchange rate registered a net change of 21.41% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 17.3033 was up 23.72% compared to the 2019 peak of 13.9856, 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 2020.
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 14.2704, compared to 16.1051 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.8346 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was November, with a trading range of 0.6166 ETB (High: 16.6959 / Low: 16.0793). On the other end, January was the most stable month, with a tight range of 0.2116 ETB (High: 14.0406 / Low: 13.8290).
Growth Streaks & Declines
TrendsBetween February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1019 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 16.9472) against the same month in 2019 (average: 13.6910), the exchange rate shifted by +3.2562 (+23.78%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 14.0406 | 13.8290 | 13.9587 |
| February | 14.0005 | 13.6508 | 13.8568 |
| March | 14.1002 | 13.5949 | 13.8850 |
| April | 14.4546 | 13.8526 | 14.1504 |
| May | 14.9313 | 14.3333 | 14.6216 |
| June | 15.3527 | 14.8636 | 15.1500 |
| July | 15.5235 | 15.2061 | 15.4325 |
| August | 15.9109 | 15.3895 | 15.6750 |
| September | 16.2551 | 15.8555 | 16.0379 |
| October | 16.3944 | 15.9230 | 16.0802 |
| November | 16.6959 | 16.0793 | 16.4577 |
| December | 17.3033 | 16.7017 | 16.9472 |