2024 ETB to MXN Historical Review

YEARLY HIGH

0.3263 MXN

YEARLY LOW

0.1579 MXN

YEARLY AVERAGE

0.2470 MXN

2024 ETB to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ETB to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 12, valuing the pair at 0.3263. Conversely, the yearly low was recorded on December 20, dropping to 0.1579.

This high-to-low spread represents a total annual volatility of 0.1684 MXN. From a start-to-finish perspective, comparing the January average rate of 0.3023 to the December average rate of 0.1599, the exchange rate registered a net change of -47.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3263 was down 10.28% compared to the 2023 peak of 0.3636, 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 1,631 MXN

2023 Average 1,621 MXN

Yearly Trough Low 789 MXN

Transaction Impact: A difference of 842.02 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3319

0.1443

JanuMarcMayJulySeptNove

ETB to MXN 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 0.3007, compared to 0.1932 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1076 points.

H1 Avg (Jan–Jun) 0.3007

H2 Avg (Jul–Dec) 0.1932

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0774 MXN (High: 0.3246 / Low: 0.2472). On the other end, February was the most stable month, with a tight range of 0.0041 MXN (High: 0.3043 / Low: 0.3003).

July Spread (Volatile) ±0.0774

February Spread (Stable) ±0.0041

Growth Streaks & Declines

Trends

No 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 0.1229 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1229

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 0.3163) against the same month in 2023 (average: 0.3160), the exchange rate shifted by +0.0003 (+0.10%).

2024 Avg (June) 0.3163

2023 Avg (June) 0.3160

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3064	0.2983	0.3023
February	0.3043	0.3003	0.3018
March	0.3017	0.2911	0.2956
April	0.3016	0.2879	0.2954
May	0.2979	0.2879	0.2930
June	0.3263	0.2957	0.3163
July	0.3246	0.2472	0.3114
August	0.2432	0.1686	0.1885
September	0.1799	0.1615	0.1699
October	0.1678	0.1588	0.1635
November	0.1691	0.1615	0.1658
December	0.1631	0.1579	0.1599