2024 BRL to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BRL to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BRL to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 22.0799. Conversely, the yearly low was recorded on July 2, dropping to 10.1058.
This high-to-low spread represents a total annual volatility of 11.9741 ETB. From a start-to-finish perspective, comparing the January average rate of 11.4954 to the December average rate of 20.6930, the exchange rate registered a net change of 80.01% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 22.0799 was up 88.48% compared to the 2023 peak of 11.7147, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 BRL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BRL 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 11.2009, compared to 18.8586 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.6577 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 6.7624 ETB (High: 20.4641 / Low: 13.7017). On the other end, February was the most stable month, with a tight range of 0.2114 ETB (High: 11.4978 / Low: 11.2864).
Growth Streaks & Declines
TrendsBetween July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.5019 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2024: 21.4153) against the same month in 2023 (average: 10.9860), the exchange rate shifted by +10.4293 (+94.93%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 11.6351 | 11.3179 | 11.4954 |
| February | 11.4978 | 11.2864 | 11.4056 |
| March | 11.4788 | 11.2596 | 11.3830 |
| April | 11.3638 | 10.7528 | 11.1020 |
| May | 11.2937 | 10.9323 | 11.1605 |
| June | 10.9466 | 10.3117 | 10.6587 |
| July | 13.3304 | 10.1058 | 10.5140 |
| August | 20.4641 | 13.7017 | 18.5575 |
| September | 21.9733 | 19.6547 | 20.8517 |
| October | 22.0799 | 20.8158 | 21.4153 |
| November | 21.5914 | 20.4363 | 21.1197 |
| December | 21.3453 | 18.8779 | 20.6930 |