2024 ETB to SGD Historical Review

YEARLY HIGH

0.0240 SGD

YEARLY LOW

0.0106 SGD

YEARLY AVERAGE

0.0185 SGD

2024 ETB to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ETB to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 20, valuing the pair at 0.0240. Conversely, the yearly low was recorded on December 10, dropping to 0.0106.

This high-to-low spread represents a total annual volatility of 0.0134 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0237 to the December average rate of 0.0107, the exchange rate registered a net change of -54.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0240 was down 4.98% compared to the 2023 peak of 0.0253, 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 120 SGD

2023 Average 123 SGD

Yearly Trough Low 53 SGD

Transaction Impact: A difference of 67.24 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0252

0.0094

JanuMarcMayJulySeptNove

ETB to SGD 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 0.0237, compared to 0.0133 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0104 points.

H1 Avg (Jan–Jun) 0.0237

H2 Avg (Jul–Dec) 0.0133

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0059 SGD (High: 0.0236 / Low: 0.0177). On the other end, June was the most stable month, with a tight range of 0.0003 SGD (High: 0.0237 / Low: 0.0234).

July Spread (Volatile) ±0.0059

June Spread (Stable) ±0.0003

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 0.0102 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0102

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0239) against the same month in 2023 (average: 0.0246), the exchange rate shifted by -0.0007 (-2.98%).

2024 Avg (April) 0.0239

2023 Avg (April) 0.0246

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0238	0.0234	0.0237
February	0.0239	0.0235	0.0238
March	0.0239	0.0234	0.0236
April	0.0240	0.0236	0.0239
May	0.0238	0.0234	0.0236
June	0.0237	0.0234	0.0235
July	0.0236	0.0177	0.0232
August	0.0170	0.0115	0.0130
September	0.0118	0.0107	0.0112
October	0.0111	0.0107	0.0109
November	0.0111	0.0106	0.0109
December	0.0109	0.0106	0.0107