2024 ETB to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ETB to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ETB to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 22, valuing the pair at 104.7217. Conversely, the yearly low was recorded on December 20, dropping to 19.7542.
This high-to-low spread represents a total annual volatility of 84.9675 SYP. From a start-to-finish perspective, comparing the January average rate of 44.5293 to the December average rate of 49.1634, the exchange rate registered a net change of 10.41% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 104.7217 was up 121.27% compared to the 2023 peak of 47.3281, 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 SYP 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 44.1439, compared to 30.0445 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 14.0994 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 84.9675 SYP (High: 104.7217 / Low: 19.7542). On the other end, May was the most stable month, with a tight range of 0.4622 SYP (High: 44.1053 / Low: 43.6431).
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 18.5010 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 49.1634) against the same month in 2023 (average: 44.7404), the exchange rate shifted by +4.4230 (+9.89%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 44.9538 | 44.3599 | 44.5293 |
| February | 44.6528 | 43.9806 | 44.3721 |
| March | 44.6043 | 44.1271 | 44.2877 |
| April | 44.3866 | 43.6721 | 44.1545 |
| May | 44.1053 | 43.6431 | 43.8265 |
| June | 44.0350 | 43.4777 | 43.6933 |
| July | 43.8586 | 33.3116 | 43.2300 |
| August | 31.8795 | 22.2851 | 24.7291 |
| September | 22.7483 | 20.9630 | 21.7733 |
| October | 21.2270 | 20.5975 | 20.8748 |
| November | 20.9467 | 19.8686 | 20.4962 |
| December | 104.7217 | 19.7542 | 49.1634 |