2024 AFN to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 AFN to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the AFN to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 1.8802. Conversely, the yearly low was recorded on February 3, dropping to 0.7508.
This high-to-low spread represents a total annual volatility of 1.1294 ETB. From a start-to-finish perspective, comparing the January average rate of 0.7890 to the December average rate of 1.8245, the exchange rate registered a net change of 131.24% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 1.8802 was up 131.21% compared to the 2023 peak of 0.8132, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AFN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
AFN 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 0.7928, compared to 1.5616 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7687 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 0.4789 ETB (High: 1.5891 / Low: 1.1102). On the other end, April was the most stable month, with a tight range of 0.0141 ETB (High: 0.8008 / Low: 0.7867).
Growth Streaks & Declines
TrendsBetween February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0150 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 1.8245) against the same month in 2023 (average: 0.8029), the exchange rate shifted by +1.0216 (+127.24%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 0.8086 | 0.7563 | 0.7890 |
| February | 0.7841 | 0.7508 | 0.7740 |
| March | 0.7977 | 0.7776 | 0.7860 |
| April | 0.8008 | 0.7867 | 0.7927 |
| May | 0.8135 | 0.7876 | 0.7999 |
| June | 0.8256 | 0.8004 | 0.8154 |
| July | 1.0691 | 0.8066 | 0.8232 |
| August | 1.5891 | 1.1102 | 1.4534 |
| September | 1.7529 | 1.5637 | 1.6621 |
| October | 1.8524 | 1.7460 | 1.7947 |
| November | 1.8705 | 1.7777 | 1.8116 |
| December | 1.8802 | 1.7757 | 1.8245 |