2024 CAD to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CAD to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CAD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 90.1566. Conversely, the yearly low was recorded on April 16, dropping to 41.1316.
This high-to-low spread represents a total annual volatility of 49.0251 ETB. From a start-to-finish perspective, comparing the January average rate of 42.0521 to the December average rate of 88.8032, the exchange rate registered a net change of 111.17% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 90.1566 was up 110.93% compared to the 2023 peak of 42.7425, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
CAD 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 41.9015, compared to 77.8396 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 35.9381 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 27.0610 ETB (High: 83.8387 / Low: 56.7777). On the other end, May was the most stable month, with a tight range of 0.6620 ETB (High: 42.2294 / Low: 41.5675).
Growth Streaks & Declines
TrendsBetween April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.3016 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 87.6826) against the same month in 2023 (average: 40.6700), the exchange rate shifted by +47.0126 (+115.60%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 42.6412 | 41.7714 | 42.0521 |
| February | 42.4089 | 41.5456 | 41.9608 |
| March | 42.1795 | 41.3411 | 41.8976 |
| April | 42.1267 | 41.1316 | 41.5960 |
| May | 42.2294 | 41.5675 | 41.9456 |
| June | 42.2049 | 41.4859 | 41.9567 |
| July | 54.6224 | 41.6747 | 42.4705 |
| August | 83.8387 | 56.7777 | 75.3683 |
| September | 89.1669 | 81.7744 | 85.2318 |
| October | 89.2694 | 85.7919 | 87.4811 |
| November | 90.1566 | 85.8770 | 87.6826 |
| December | 89.8294 | 86.4566 | 88.8032 |