2024 ETB to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ETB to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ETB to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 11, valuing the pair at 49.7228. Conversely, the yearly low was recorded on December 29, dropping to 22.2958.
This high-to-low spread represents a total annual volatility of 27.4270 CDF. From a start-to-finish perspective, comparing the January average rate of 48.2386 to the December average rate of 22.5387, the exchange rate registered a net change of -53.28% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 49.7228 was down 0.01% compared to the 2023 peak of 49.7275, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ETB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
ETB to CDF 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 48.8140, compared to 28.5426 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 20.2714 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 11.9104 CDF (High: 49.7228 / Low: 37.8124). On the other end, March was the most stable month, with a tight range of 0.4224 CDF (High: 49.1686 / Low: 48.7462).
Growth Streaks & Declines
TrendsBetween January and April, 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 July and August, when the average rate fell by 20.8822 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2024: 48.9291) against the same month in 2023 (average: 45.0328), the exchange rate shifted by +3.8963 (+8.65%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 48.8334 | 47.1631 | 48.2386 |
| February | 49.0623 | 48.2902 | 48.6770 |
| March | 49.1686 | 48.7462 | 48.9006 |
| April | 49.6278 | 48.5272 | 49.0579 |
| May | 49.2764 | 48.5190 | 48.7624 |
| June | 49.7117 | 48.6768 | 49.2475 |
| July | 49.7228 | 37.8124 | 48.9291 |
| August | 36.2090 | 25.1870 | 28.0469 |
| September | 25.7795 | 23.8197 | 24.6819 |
| October | 24.1152 | 23.3716 | 23.7227 |
| November | 23.7385 | 22.6127 | 23.3361 |
| December | 23.0046 | 22.2958 | 22.5387 |