2024 BMD to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BMD to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BMD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 127.9240. Conversely, the yearly low was recorded on January 7, dropping to 55.8914.
This high-to-low spread represents a total annual volatility of 72.0327 ETB. From a start-to-finish perspective, comparing the January average rate of 56.4247 to the December average rate of 126.6425, 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 127.9240 was up 126.72% compared to the 2023 peak of 56.4244, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BMD 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 56.9199, compared to 107.7093 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 50.7894 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 33.9313 ETB (High: 112.7447 / Low: 78.8133). On the other end, May was the most stable month, with a tight range of 0.6033 ETB (High: 57.5700 / Low: 56.9667).
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: 126.6425) against the same month in 2023 (average: 56.1588), the exchange rate shifted by +70.4838 (+125.51%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 56.6397 | 55.8914 | 56.4247 |
| February | 57.1282 | 56.2682 | 56.6244 |
| March | 56.9385 | 56.3293 | 56.7324 |
| April | 57.5318 | 56.6056 | 56.9040 |
| May | 57.5700 | 56.9667 | 57.3294 |
| June | 57.7890 | 57.0576 | 57.5044 |
| July | 75.4250 | 57.2871 | 58.2517 |
| August | 112.7447 | 78.8133 | 102.9131 |
| September | 119.8556 | 110.4494 | 115.4712 |
| October | 121.9823 | 118.3648 | 120.3713 |
| November | 126.4572 | 119.9486 | 122.6056 |
| December | 127.9240 | 124.1577 | 126.6425 |