2021 ETB to SGD Historical Review

YEARLY HIGH

0.0339 SGD

YEARLY LOW

0.0060 SGD

YEARLY AVERAGE

0.0307 SGD

2021 ETB to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ETB to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 0.0339. Conversely, the yearly low was recorded on December 27, dropping to 0.0060.

This high-to-low spread represents a total annual volatility of 0.0279 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0336 to the December average rate of 0.0273, the exchange rate registered a net change of -18.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0339 was down 24.09% compared to the 2020 peak of 0.0446, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ETB based on timing:

Yearly Peak High 169 SGD

2020 Average 198 SGD

Yearly Trough Low 30 SGD

Transaction Impact: A difference of 139.36 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0343

0.0267

JanuMarcMayJulySeptNove

ETB to SGD 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 0.0323, compared to 0.0291 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0032 points.

H1 Avg (Jan–Jun) 0.0323

H2 Avg (Jul–Dec) 0.0291

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.0226 SGD (High: 0.0286 / Low: 0.0060). On the other end, January was the most stable month, with a tight range of 0.0004 SGD (High: 0.0338 / Low: 0.0334).

December Spread (Volatile) ±0.0226

January Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0012 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 0.0333) against the same month in 2020 (average: 0.0433), the exchange rate shifted by -0.0099 (-22.98%).

2021 Avg (February) 0.0333

2020 Avg (February) 0.0433

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0338	0.0334	0.0336
February	0.0339	0.0328	0.0333
March	0.0336	0.0325	0.0332
April	0.0328	0.0315	0.0321
May	0.0316	0.0303	0.0312
June	0.0311	0.0304	0.0307
July	0.0309	0.0305	0.0307
August	0.0306	0.0295	0.0300
September	0.0295	0.0290	0.0293
October	0.0294	0.0284	0.0289
November	0.0290	0.0284	0.0286
December	0.0286	0.0060	0.0273