2024 ETB to MMK Historical Review

YEARLY HIGH

56.6795 MMK

YEARLY LOW

16.4004 MMK

YEARLY AVERAGE

29.3341 MMK

2024 ETB to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ETB to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 20, valuing the pair at 56.6795. Conversely, the yearly low was recorded on December 31, dropping to 16.4004.

This high-to-low spread represents a total annual volatility of 40.2791 MMK. From a start-to-finish perspective, comparing the January average rate of 37.2108 to the December average rate of 16.5674, the exchange rate registered a net change of -55.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 56.6795 was up 44.29% compared to the 2023 peak of 39.2806, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 283,397 MMK

2023 Average 191,755 MMK

Yearly Trough Low 82,002 MMK

Transaction Impact: A difference of 201,395.56 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

41.4606

14.3043

JanuMarcMayJulySeptNove

ETB to MMK 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 37.1448, compared to 21.5234 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 15.6213 points.

H1 Avg (Jan–Jun) 37.1448

H2 Avg (Jul–Dec) 21.5234

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 28.8638 MMK (High: 56.6795 / Low: 27.8157). On the other end, March was the most stable month, with a tight range of 0.2735 MMK (High: 37.1790 / Low: 36.9055).

July Spread (Volatile) ±28.8638

March Spread (Stable) ±0.2735

Growth Streaks & Declines

Trends

Between May and July, 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 18.5484 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -18.5484

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 39.1976) against the same month in 2023 (average: 38.2567), the exchange rate shifted by +0.9409 (+2.46%).

2024 Avg (July) 39.1976

2023 Avg (July) 38.2567

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.4674	37.0822	37.2108
February	37.3646	37.0130	37.0929
March	37.1790	36.9055	36.9955
April	37.0468	36.5923	36.8896
May	36.8489	36.5427	36.6187
June	43.0887	36.3035	38.0610
July	56.6795	27.8157	39.1976
August	26.6199	18.6084	20.6492
September	18.9951	17.5044	18.1810
October	17.7249	17.1992	17.4308
November	17.4908	16.5906	17.1146
December	16.8979	16.4004	16.5674