approximately
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approximately
Indicates that a number, quantity, or value is based on an estimate and is not exact. It means about the same as 'ungefähr' (approximately) or 'etwa' (about).
Die Reparatur wird schätzungsweise 500 Euro kosten.
The repair will cost approximately 500 euros.
The word is made up of 'Schätzung' (estimate) and the ending '-weise' (-wise / in the manner of). It literally means 'in the manner of an estimate' and signals that the following information is not exact.
Die Fahrt dauert schätzungsweise zwei Stunden.
The trip takes approximately two hours.
As an adverb, 'schätzungsweise' (approximately) can stand flexibly in the sentence. It can be in position 1, which leads to inversion (verb in position 2), or inside the sentence, usually before the information it describes.
Schätzungsweise 10.000 Menschen besuchten das Festival.
Approximately 10,000 people attended the festival.
'Schätzungsweise' (approximately) is always used in connection with numbers and quantities. Typical contexts are costs, distances, durations, weights, or counts.
Das Gebäude ist schätzungsweise 80 Meter hoch.
The building is approximately 80 meters tall.
exact / precise
'genau' and 'schätzungsweise' are opposites when it comes to numbers, quantities, or pieces of information. You use 'genau' when something is stated exactly and without uncertainty. You use 'schätzungsweise' when you do not know the exact number and are only giving an approximate figure. In practical terms: 'genau' fits measured or certain information, while 'schätzungsweise' fits estimates.
Bei der Arbeit hat Leon schätzungsweise zwanzig Minuten Pause gemacht.
At work, Leon took approximately a twenty-minute break.
Nach dem Gespräch wissen wir genau, wie viel die Reparatur kostet.
After the conversation, we know exactly how much the repair costs.