2024 GNF to ETB Historical Review

YEARLY HIGH

0.0148 ETB

YEARLY LOW

0.0065 ETB

YEARLY AVERAGE

0.0096 ETB

2024 GNF to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GNF to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0148. Conversely, the yearly low was recorded on January 7, dropping to 0.0065.

This high-to-low spread represents a total annual volatility of 0.0083 ETB. From a start-to-finish perspective, comparing the January average rate of 0.0066 to the December average rate of 0.0147, the exchange rate registered a net change of 123.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0148 was up 124.58% compared to the 2023 peak of 0.0066, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GNF based on timing:

Yearly Peak High 74 ETB

2023 Average 32 ETB

Yearly Trough Low 33 ETB

Transaction Impact: A difference of 41.39 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0155

0.0058

JanuMarcMayJulySeptNove

GNF to ETB 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 0.0066, compared to 0.0125 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0059 points.

H1 Avg (Jan–Jun) 0.0066

H2 Avg (Jul–Dec) 0.0125

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0039 ETB (High: 0.0131 / Low: 0.0091). On the other end, March was the most stable month, with a tight range of 0.0000 ETB (High: 0.0066 / Low: 0.0066).

August Spread (Volatile) ±0.0039

March Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0147) against the same month in 2023 (average: 0.0065), the exchange rate shifted by +0.0081 (+124.76%).

2024 Avg (December) 0.0147

2023 Avg (December) 0.0065

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0066	0.0065	0.0066
February	0.0066	0.0065	0.0066
March	0.0066	0.0066	0.0066
April	0.0067	0.0066	0.0066
May	0.0067	0.0066	0.0067
June	0.0067	0.0066	0.0067
July	0.0088	0.0067	0.0068
August	0.0131	0.0091	0.0119
September	0.0139	0.0128	0.0134
October	0.0142	0.0136	0.0139
November	0.0147	0.0139	0.0142
December	0.0148	0.0144	0.0147