2024 CVE to ETB Historical Review

YEARLY HIGH

1.2172 ETB

YEARLY LOW

0.5479 ETB

YEARLY AVERAGE

0.8067 ETB

2024 CVE to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 1.2172. Conversely, the yearly low was recorded on April 17, dropping to 0.5479.

This high-to-low spread represents a total annual volatility of 0.6693 ETB. From a start-to-finish perspective, comparing the January average rate of 0.5579 to the December average rate of 1.2034, the exchange rate registered a net change of 115.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.2172 was up 115.16% compared to the 2023 peak of 0.5657, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 CVE based on timing:

Yearly Peak High 6,086 ETB

2023 Average 2,682 ETB

Yearly Trough Low 2,740 ETB

Transaction Impact: A difference of 3,346.55 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.2684

0.4887

JanuMarcMayJulySeptNove

CVE to ETB Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.5577, compared to 1.0558 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4981 points.

H1 Avg (Jan–Jun) 0.5577

H2 Avg (Jul–Dec) 1.0558

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.3695 ETB (High: 1.1398 / Low: 0.7703). On the other end, March was the most stable month, with a tight range of 0.0091 ETB (High: 0.5635 / Low: 0.5544).

August Spread (Volatile) ±0.3695

March Spread (Stable) ±0.0091

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0067 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0067

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 1.2034) against the same month in 2023 (average: 0.5552), the exchange rate shifted by +0.6482 (+116.77%).

2024 Avg (December) 1.2034

2023 Avg (December) 0.5552

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5657	0.5524	0.5579
February	0.5588	0.5482	0.5537
March	0.5635	0.5544	0.5587
April	0.5602	0.5479	0.5540
May	0.5669	0.5517	0.5612
June	0.5673	0.5542	0.5607
July	0.7395	0.5575	0.5728
August	1.1398	0.7703	1.0268
September	1.2117	1.1070	1.1619
October	1.2103	1.1632	1.1884
November	1.2107	1.1567	1.1817
December	1.2172	1.1748	1.2034