2020 ZAR to ETB Historical Review

YEARLY HIGH

2.6928 ETB

YEARLY LOW

1.7018 ETB

YEARLY AVERAGE

2.1363 ETB

2020 ZAR to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ZAR to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 2.6928. Conversely, the yearly low was recorded on April 5, dropping to 1.7018.

This high-to-low spread represents a total annual volatility of 0.9911 ETB. From a start-to-finish perspective, comparing the January average rate of 2.2257 to the December average rate of 2.6039, the exchange rate registered a net change of 16.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 2.6928 was up 18.05% compared to the 2019 peak of 2.2811, 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 134,642 ETB

2019 Average 101,156 ETB

Yearly Trough Low 85,090 ETB

Transaction Impact: A difference of 49,552.65 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

2.6867

1.6924

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 1.9934, compared to 2.2792 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2858 points.

H1 Avg (Jan–Jun) 1.9934

H2 Avg (Jul–Dec) 2.2792

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.2899 ETB (High: 2.1190 / Low: 1.8291). On the other end, July was the most stable month, with a tight range of 0.1092 ETB (High: 2.1505 / Low: 2.0413).

March Spread (Volatile) ±0.2899

July Spread (Stable) ±0.1092

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1824 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1824

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 2.6039) against the same month in 2019 (average: 2.1887), the exchange rate shifted by +0.4152 (+18.97%).

2020 Avg (December) 2.6039

2019 Avg (December) 2.1887

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2902	2.1390	2.2257
February	2.1737	2.0645	2.1324
March	2.1190	1.8291	1.9577
April	1.8409	1.7018	1.7753
May	1.9584	1.7557	1.8598
June	2.0799	1.9689	2.0096
July	2.1505	2.0413	2.0987
August	2.1812	2.0065	2.0768
September	2.2707	2.1433	2.1913
October	2.3261	2.2068	2.2641
November	2.5189	2.3223	2.4405
December	2.6928	2.4999	2.6039