2024 ETB to GMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ETB to GMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ETB to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 23, valuing the pair at 1.2054. Conversely, the yearly low was recorded on October 10, dropping to 0.5592.
This high-to-low spread represents a total annual volatility of 0.6462 GMD. From a start-to-finish perspective, comparing the January average rate of 1.1926 to the December average rate of 0.5671, the exchange rate registered a net change of -52.45% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1.2054 was down 0.38% compared to the 2023 peak of 1.2100, 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 GMD 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 1.1896, compared to 0.6967 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4929 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 0.2620 GMD (High: 1.1835 / Low: 0.9214). On the other end, March was the most stable month, with a tight range of 0.0125 GMD (High: 1.2054 / Low: 1.1930).
Growth Streaks & Declines
TrendsBetween January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.4796 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 1.1974) against the same month in 2023 (average: 1.1421), the exchange rate shifted by +0.0553 (+4.85%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.2023 | 1.1878 | 1.1926 |
| February | 1.2013 | 1.1802 | 1.1939 |
| March | 1.2054 | 1.1930 | 1.1974 |
| April | 1.2000 | 1.1806 | 1.1932 |
| May | 1.1893 | 1.1768 | 1.1822 |
| June | 1.1874 | 1.1728 | 1.1784 |
| July | 1.1835 | 0.9214 | 1.1668 |
| August | 0.8779 | 0.6297 | 0.6873 |
| September | 0.6394 | 0.5715 | 0.6030 |
| October | 0.5907 | 0.5592 | 0.5756 |
| November | 0.5950 | 0.5615 | 0.5804 |
| December | 0.5799 | 0.5613 | 0.5671 |