2024 ETB to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ETB to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ETB to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 153.3683. Conversely, the yearly low was recorded on December 31, dropping to 67.5713.
This high-to-low spread represents a total annual volatility of 85.7970 GNF. From a start-to-finish perspective, comparing the January average rate of 152.3287 to the December average rate of 68.1535, the exchange rate registered a net change of -55.26% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 153.3683 was down 6.80% compared to the 2023 peak of 164.5629, 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 GNF 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 151.0373, compared to 86.3504 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 64.6870 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 35.9152 GNF (High: 150.1602 / Low: 114.2451). On the other end, March was the most stable month, with a tight range of 1.0694 GNF (High: 152.1239 / Low: 151.0545).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 63.3105 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 152.3287) against the same month in 2023 (average: 161.5802), the exchange rate shifted by -9.2515 (-5.73%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 153.3683 | 151.6903 | 152.3287 |
| February | 153.2384 | 151.3854 | 151.9224 |
| March | 152.1239 | 151.0545 | 151.4709 |
| April | 151.6881 | 149.4726 | 150.9753 |
| May | 150.9216 | 149.6029 | 149.8952 |
| June | 150.7197 | 148.9859 | 149.6315 |
| July | 150.1602 | 114.2451 | 148.1210 |
| August | 109.3131 | 76.4889 | 84.8105 |
| September | 78.2246 | 72.0329 | 74.8778 |
| October | 73.2905 | 70.6604 | 71.7647 |
| November | 71.8115 | 68.1946 | 70.3747 |
| December | 69.3595 | 67.5713 | 68.1535 |