2024 FKP to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 FKP to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the FKP to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 10, valuing the pair at 162.2974. Conversely, the yearly low was recorded on April 20, dropping to 70.1264.
This high-to-low spread represents a total annual volatility of 92.1711 ETB. From a start-to-finish perspective, comparing the January average rate of 71.7055 to the December average rate of 160.0028, the exchange rate registered a net change of 123.14% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 162.2974 was up 125.35% compared to the 2023 peak of 72.0202, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 FKP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
FKP to ETB 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 72.0036, compared to 139.0567 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 67.0531 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 49.1346 ETB (High: 149.4457 / Low: 100.3111). On the other end, June was the most stable month, with a tight range of 1.2808 ETB (High: 73.5842 / Low: 72.3034).
Growth Streaks & Declines
TrendsBetween April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.9079 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 160.0028) against the same month in 2023 (average: 71.1325), the exchange rate shifted by +88.8704 (+124.94%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 72.2771 | 70.9421 | 71.7055 |
| February | 72.1051 | 70.5248 | 71.5240 |
| March | 72.9174 | 70.9806 | 72.0937 |
| April | 72.1617 | 70.1264 | 71.1858 |
| May | 73.4512 | 71.3647 | 72.4445 |
| June | 73.5842 | 72.3034 | 73.0682 |
| July | 96.9429 | 72.7887 | 74.9685 |
| August | 149.4457 | 100.3111 | 133.3591 |
| September | 160.6785 | 145.0161 | 152.6845 |
| October | 159.2784 | 154.3492 | 157.0267 |
| November | 160.6618 | 153.2649 | 156.2988 |
| December | 162.2974 | 156.0636 | 160.0028 |