2024 BAM to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BAM to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BAM to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 6, valuing the pair at 68.6279. Conversely, the yearly low was recorded on April 17, dropping to 30.8916.
This high-to-low spread represents a total annual volatility of 37.7363 ETB. From a start-to-finish perspective, comparing the January average rate of 31.4881 to the December average rate of 67.8605, the exchange rate registered a net change of 115.51% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 68.6279 was up 115.17% compared to the 2023 peak of 31.8949, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BAM based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BAM 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 31.4722, compared to 59.5821 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 28.1099 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 20.8857 ETB (High: 64.3823 / Low: 43.4966). On the other end, March was the most stable month, with a tight range of 0.4800 ETB (High: 31.7711 / Low: 31.2910).
Growth Streaks & Declines
TrendsBetween June and October, 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 October and November, when the average rate fell by 0.4098 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 67.8605) against the same month in 2023 (average: 31.3440), the exchange rate shifted by +36.5164 (+116.50%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 31.8949 | 31.1423 | 31.4881 |
| February | 31.5021 | 30.9068 | 31.2634 |
| March | 31.7711 | 31.2910 | 31.5285 |
| April | 31.6357 | 30.8916 | 31.2284 |
| May | 31.9596 | 31.2087 | 31.6788 |
| June | 31.9723 | 31.2504 | 31.6462 |
| July | 41.7921 | 31.4391 | 32.3185 |
| August | 64.3823 | 43.4966 | 57.9735 |
| September | 68.5524 | 62.4786 | 65.6066 |
| October | 68.2337 | 65.7021 | 67.0718 |
| November | 68.2591 | 65.2688 | 66.6620 |
| December | 68.6279 | 66.2337 | 67.8605 |