2024 CNY to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CNY to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CNY to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 17.5289. Conversely, the yearly low was recorded on March 23, dropping to 7.7926.
This high-to-low spread represents a total annual volatility of 9.7363 ETB. From a start-to-finish perspective, comparing the January average rate of 7.9354 to the December average rate of 17.3923, the exchange rate registered a net change of 119.17% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 17.5289 was up 118.39% compared to the 2023 peak of 8.0263, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 CNY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
CNY 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 7.9285, compared to 15.0238 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.0953 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 4.9457 ETB (High: 15.8258 / Low: 10.8801). On the other end, January was the most stable month, with a tight range of 0.1303 ETB (High: 7.9808 / Low: 7.8505).
Growth Streaks & Declines
TrendsBetween June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0310 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 17.3923) against the same month in 2023 (average: 7.8894), the exchange rate shifted by +9.5029 (+120.45%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.9808 | 7.8505 | 7.9354 |
| February | 8.0207 | 7.8561 | 7.9111 |
| March | 7.9353 | 7.7926 | 7.8830 |
| April | 7.9964 | 7.8262 | 7.8723 |
| May | 8.1044 | 7.8713 | 8.0001 |
| June | 8.1313 | 7.8648 | 7.9690 |
| July | 10.4494 | 7.8799 | 8.0279 |
| August | 15.8258 | 10.8801 | 14.4043 |
| September | 17.0464 | 15.5714 | 16.3246 |
| October | 17.1794 | 16.6859 | 16.9790 |
| November | 17.4491 | 16.7944 | 17.0146 |
| December | 17.5289 | 17.0163 | 17.3923 |