2022 TOP to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 TOP to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the TOP to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 22.9900. Conversely, the yearly low was recorded on October 23, dropping to 21.4500.
This high-to-low spread represents a total annual volatility of 1.5400 ETB. From a start-to-finish perspective, comparing the January average rate of 21.7928 to the December average rate of 22.8156, the exchange rate registered a net change of 4.69% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 22.9900 was down 76.87% compared to the 2021 peak of 99.3748, 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 2022.
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 22.3141, compared to 22.2617 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0524 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was November, with a trading range of 0.9127 ETB (High: 22.6403 / Low: 21.7277). On the other end, December was the most stable month, with a tight range of 0.2928 ETB (High: 22.9900 / Low: 22.6973).
Growth Streaks & Declines
TrendsBetween January and April, 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 April and May, when the average rate fell by 0.4126 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 22.8156) against the same month in 2021 (average: 23.7975), the exchange rate shifted by -0.9819 (-4.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 21.9166 | 21.6039 | 21.7928 |
| February | 22.5638 | 21.9416 | 22.2743 |
| March | 22.9012 | 22.3917 | 22.5929 |
| April | 22.8653 | 22.2156 | 22.6473 |
| May | 22.5376 | 21.9347 | 22.2347 |
| June | 22.6483 | 22.0949 | 22.3428 |
| July | 22.4624 | 22.0331 | 22.2363 |
| August | 22.6750 | 22.3063 | 22.4644 |
| September | 22.3726 | 21.6715 | 22.0894 |
| October | 22.0672 | 21.4500 | 21.6880 |
| November | 22.6403 | 21.7277 | 22.2765 |
| December | 22.9900 | 22.6973 | 22.8156 |