Currency exchange rate Ethiopian Birr against the Magi. Chart, history price and prediction on tomorrow, next month, 2024 year
On this page, you can always find detailed information about the Ethiopian Birr currency exchange rate against the Magi currency:
currency exchange rate history, background information, prediction and more about ETB/XMG
Chart of History of changes in the ETB/XMG exchange rate
ETB/XMG exchange rate on today
06 15, 2020
1 ETB = 1.495467 XMG
▼ -0.08 %
This page provides information about the currency pair Ethiopian Birr/Magi, and more precisely about how much 1 Ethiopian Birr costs in Magi.
Data on the currency pair ETB/XMG are presented by the world's leading exchanges and Central banks of the countries that issue these currencies. We constantly update this data so that you get only the most up-to-date information about the currency pair ETB/XMG and make a balanced decision about buying and selling the currency you are interested in.
The page also provides information about the dynamics of the exchange rate of Ethiopian Birr/Magi, statistics and prediction of the exchange rate of these currencies in the near future from our experts.
How to make a forecast for currencies and cryptocurrencies?
There are several approaches to forecasting the exchange rate of currencies and cryptocurrencies:
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Fundamental analysis: This approach involves analyzing economic and financial data to determine the intrinsic value of a currency or cryptocurrency. This can include factors such as interest rates, inflation rates, economic growth, political stability, and fiscal policy. Based on this analysis, investors can make predictions about the future exchange rate.
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Technical analysis: This approach involves analyzing past market data, such as price and volume, to identify patterns and trends that can be used to predict future market movements. Technical analysis can be used to identify support and resistance levels, momentum indicators, and other factors that can influence the exchange rate.
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Sentiment analysis: This approach involves analyzing market sentiment and investor behavior to predict future market movements. Sentiment analysis can include monitoring social media, news articles, and other sources of market sentiment to gauge investor sentiment and predict market movements.
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Machine learning: This approach involves using statistical models and machine learning algorithms to analyze vast amounts of market data and make predictions about future market movements. Machine learning can be used to identify patterns and relationships in market data that might not be visible to the human eye.
In summary, there are several approaches to forecasting the exchange rate of currencies and cryptocurrencies, including fundamental analysis, technical analysis, sentiment analysis, and machine learning. Each approach has its strengths and weaknesses, and investors may use a combination of approaches to make more accurate predictions about future market movements.
Change in the ETB/XMG exchange rate over the past 30 days
For the last 30 days (05 17, 2020 — 06 15, 2020) the Ethiopian Birr exchange rate against the Magi currency changed by -10.61% (1.672917 XMG — 1.495467 XMG)
Change in the ETB/XMG exchange rate over the past 90 days
For the last 90 days (04 10, 2020 — 06 15, 2020) the Ethiopian Birr exchange rate against the Magi currency changed by -29.77% (2.129484 XMG — 1.495467 XMG)
Change in the ETB/XMG exchange rate over the past 365 days
For the last 365 days (04 10, 2020 — 06 15, 2020) the Ethiopian Birr exchange rate against the Magi currency changed by -29.77% (2.129484 XMG — 1.495467 XMG)
Change in the ETB/XMG exchange rate for all time
For all the time our site has been running (04 10, 2020 — 06 15, 2020) the Ethiopian Birr exchange rate against the Magi currency changed by -29.77% (2.129484 XMG — 1.495467 XMG)
Ethiopian Birr/Magi price prediction
Ethiopian Birr/Magi price prediction for the next 30 days*
06/06 | 1.495482 XMG | ▲ 0 % |
07/06 | 1.444383 XMG | ▼ -3.42 % |
08/06 | 1.36659 XMG | ▼ -5.39 % |
09/06 | 1.359986 XMG | ▼ -0.48 % |
10/06 | 1.359738 XMG | ▼ -0.02 % |
11/06 | 1.358837 XMG | ▼ -0.07 % |
12/06 | 1.361761 XMG | ▲ 0.22 % |
13/06 | 1.361769 XMG | ▲ 0 % |
14/06 | 1.360953 XMG | ▼ -0.06 % |
15/06 | 1.358017 XMG | ▼ -0.22 % |
16/06 | 1.283962 XMG | ▼ -5.45 % |
17/06 | 1.365817 XMG | ▲ 6.38 % |
18/06 | 1.351227 XMG | ▼ -1.07 % |
19/06 | 1.344884 XMG | ▼ -0.47 % |
20/06 | 1.344406 XMG | ▼ -0.04 % |
21/06 | 1.349907 XMG | ▲ 0.41 % |
22/06 | 1.320059 XMG | ▼ -2.21 % |
23/06 | 1.372648 XMG | ▲ 3.98 % |
24/06 | 1.372679 XMG | ▲ 0 % |
25/06 | 1.375409 XMG | ▲ 0.2 % |
26/06 | 1.367503 XMG | ▼ -0.57 % |
27/06 | 1.367564 XMG | ▲ 0 % |
28/06 | 1.353443 XMG | ▼ -1.03 % |
29/06 | 1.34423 XMG | ▼ -0.68 % |
30/06 | 1.348308 XMG | ▲ 0.3 % |
01/07 | 1.342599 XMG | ▼ -0.42 % |
02/07 | 1.339079 XMG | ▼ -0.26 % |
03/07 | 1.344768 XMG | ▲ 0.42 % |
04/07 | 1.34481 XMG | ▲ 0 % |
05/07 | 1.345 XMG | ▲ 0.01 % |
* — Price prediction of the Ethiopian Birr/Magi currency pair are compiled by our specialists based on statistical data, global trends and major business news. Price prediction for 30 days, 3 months, and a year are made by different experts and may have slight differences.
Ethiopian Birr/Magi price prediction for the next 3 months*
10/06 — 16/06 | 1.520085 XMG | ▲ 1.65 % |
17/06 — 23/06 | 1.435306 XMG | ▼ -5.58 % |
24/06 — 30/06 | 1.363028 XMG | ▼ -5.04 % |
01/07 — 07/07 | 1.179053 XMG | ▼ -13.5 % |
08/07 — 14/07 | 1.143955 XMG | ▼ -2.98 % |
15/07 — 21/07 | 1.207171 XMG | ▲ 5.53 % |
22/07 — 28/07 | 1.136181 XMG | ▼ -5.88 % |
29/07 — 04/08 | 1.131017 XMG | ▼ -0.45 % |
05/08 — 11/08 | 1.127753 XMG | ▼ -0.29 % |
12/08 — 18/08 | 1.120588 XMG | ▼ -0.64 % |
Ethiopian Birr/Magi price prediction for the next year*
07/2024 | 1.352686 XMG | ▼ -9.55 % |
08/2024 | 1.136041 XMG | ▼ -16.02 % |
09/2024 | 1.1166 XMG | ▼ -1.71 % |
Ethiopian Birr/Magi exchange rate statistics
For 30 days | |
---|---|
Minimum | 1.471367 XMG |
Maximum | 1.672954 XMG |
Weighted Average | 1.518054 XMG |
For 90 days | |
Minimum | 1.471367 XMG |
Maximum | 2.203748 XMG |
Weighted Average | 1.694918 XMG |
For 365 days | |
Minimum | 1.471367 XMG |
Maximum | 2.203748 XMG |
Weighted Average | 1.694918 XMG |
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