2024 ETB to SAR Historical Review

YEARLY HIGH

0.0671 SAR

YEARLY LOW

0.0294 SAR

YEARLY AVERAGE

0.0517 SAR

2024 ETB to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ETB to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 0.0671. Conversely, the yearly low was recorded on December 31, dropping to 0.0294.

This high-to-low spread represents a total annual volatility of 0.0377 SAR. From a start-to-finish perspective, comparing the January average rate of 0.0665 to the December average rate of 0.0297, the exchange rate registered a net change of -55.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0671 was down 5.17% compared to the 2023 peak of 0.0708, 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 336 SAR

2023 Average 343 SAR

Yearly Trough Low 147 SAR

Transaction Impact: A difference of 188.69 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0701

0.0260

JanuMarcMayJulySeptNove

ETB to SAR 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 0.0659, compared to 0.0376 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0283 points.

H1 Avg (Jan–Jun) 0.0659

H2 Avg (Jul–Dec) 0.0376

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0157 SAR (High: 0.0655 / Low: 0.0497). On the other end, May was the most stable month, with a tight range of 0.0007 SAR (High: 0.0658 / Low: 0.0651).

July Spread (Volatile) ±0.0157

May Spread (Stable) ±0.0007

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 0.0276 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0276

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0665) against the same month in 2023 (average: 0.0700), the exchange rate shifted by -0.0036 (-5.09%).

2024 Avg (January) 0.0665

2023 Avg (January) 0.0700

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0671	0.0662	0.0665
February	0.0667	0.0656	0.0662
March	0.0666	0.0659	0.0661
April	0.0663	0.0652	0.0659
May	0.0658	0.0651	0.0654
June	0.0658	0.0649	0.0652
July	0.0655	0.0497	0.0645
August	0.0476	0.0333	0.0369
September	0.0340	0.0313	0.0325
October	0.0317	0.0308	0.0312
November	0.0313	0.0297	0.0306
December	0.0302	0.0294	0.0297