2024 ETB to SDG Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ETB to SDG Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ETB to SDG exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 10.7530. Conversely, the yearly low was recorded on December 31, dropping to 4.7020.
This high-to-low spread represents a total annual volatility of 6.0510 SDG. From a start-to-finish perspective, comparing the January average rate of 10.6514 to the December average rate of 4.7499, the exchange rate registered a net change of -55.41% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 10.7530 was down 3.88% compared to the 2023 peak of 11.1865, 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 SDG 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 10.4675, compared to 6.0031 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.4643 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 2.5009 SDG (High: 10.4757 / Low: 7.9748). On the other end, January was the most stable month, with a tight range of 0.1421 SDG (High: 10.7530 / Low: 10.6109).
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 4.3120 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 10.6514) against the same month in 2023 (average: 10.7548), the exchange rate shifted by -0.1034 (-0.96%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.7530 | 10.6109 | 10.6514 |
| February | 10.6721 | 10.5114 | 10.6123 |
| March | 10.6584 | 10.2830 | 10.4654 |
| April | 10.5642 | 10.1857 | 10.3067 |
| May | 10.5413 | 9.9729 | 10.4481 |
| June | 10.4679 | 10.1403 | 10.3208 |
| July | 10.4757 | 7.9748 | 10.2321 |
| August | 7.6320 | 5.3351 | 5.9201 |
| September | 5.4459 | 5.0185 | 5.2125 |
| October | 5.0817 | 4.9310 | 4.9974 |
| November | 5.0146 | 4.7565 | 4.9068 |
| December | 4.8446 | 4.7020 | 4.7499 |