2024 BBD to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BBD to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BBD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 63.9620. Conversely, the yearly low was recorded on January 7, dropping to 27.9457.
This high-to-low spread represents a total annual volatility of 36.0163 ETB. From a start-to-finish perspective, comparing the January average rate of 28.2123 to the December average rate of 63.3213, the exchange rate registered a net change of 124.45% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 63.9620 was up 126.72% compared to the 2023 peak of 28.2122, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BBD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BBD 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 28.4599, compared to 53.8546 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 25.3947 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 16.9657 ETB (High: 56.3723 / Low: 39.4067). On the other end, May was the most stable month, with a tight range of 0.3017 ETB (High: 28.7850 / Low: 28.4833).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 63.3213) against the same month in 2023 (average: 28.0794), the exchange rate shifted by +35.2419 (+125.51%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 28.3198 | 27.9457 | 28.2123 |
| February | 28.5641 | 28.1341 | 28.3122 |
| March | 28.4693 | 28.1647 | 28.3662 |
| April | 28.7659 | 28.3028 | 28.4520 |
| May | 28.7850 | 28.4833 | 28.6647 |
| June | 28.8945 | 28.5288 | 28.7522 |
| July | 37.7125 | 28.6435 | 29.1259 |
| August | 56.3723 | 39.4067 | 51.4565 |
| September | 59.9278 | 55.2247 | 57.7356 |
| October | 60.9911 | 59.1824 | 60.1857 |
| November | 63.2286 | 59.9743 | 61.3028 |
| December | 63.9620 | 62.0788 | 63.3213 |