2024 ETB to ZAR Historical Review

YEARLY HIGH

0.3407 ZAR

YEARLY LOW

0.1393 ZAR

YEARLY AVERAGE

0.2545 ZAR

2024 ETB to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ETB to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 0.3407. Conversely, the yearly low was recorded on December 11, dropping to 0.1393.

This high-to-low spread represents a total annual volatility of 0.2015 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.3323 to the December average rate of 0.1441, the exchange rate registered a net change of -56.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3407 was down 6.18% compared to the 2023 peak of 0.3632, 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 1,704 ZAR

2023 Average 1,685 ZAR

Yearly Trough Low 696 ZAR

Transaction Impact: A difference of 1,007.31 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3551

0.1249

JanuMarcMayJulySeptNove

ETB to ZAR 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 0.3290, compared to 0.1801 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1488 points.

H1 Avg (Jan–Jun) 0.3290

H2 Avg (Jul–Dec) 0.1801

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0828 ZAR (High: 0.3243 / Low: 0.2415). On the other end, October was the most stable month, with a tight range of 0.0048 ZAR (High: 0.1489 / Low: 0.1441).

July Spread (Volatile) ±0.0828

October Spread (Stable) ±0.0048

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 0.1356 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1356

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.3359) against the same month in 2023 (average: 0.3337), the exchange rate shifted by +0.0022 (+0.65%).

2024 Avg (February) 0.3359

2023 Avg (February) 0.3337

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3401	0.3240	0.3323
February	0.3407	0.3292	0.3359
March	0.3385	0.3270	0.3324
April	0.3403	0.3242	0.3319
May	0.3277	0.3152	0.3211
June	0.3304	0.3117	0.3201
July	0.3243	0.2415	0.3136
August	0.2321	0.1572	0.1780
September	0.1617	0.1436	0.1525
October	0.1489	0.1441	0.1460
November	0.1500	0.1420	0.1465
December	0.1483	0.1393	0.1441