2024 PHP to ETB Historical Review

YEARLY HIGH

2.2065 ETB

YEARLY LOW

0.9701 ETB

YEARLY AVERAGE

1.4350 ETB

2024 PHP to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 2.2065. Conversely, the yearly low was recorded on June 10, dropping to 0.9701.

This high-to-low spread represents a total annual volatility of 1.2364 ETB. From a start-to-finish perspective, comparing the January average rate of 1.0083 to the December average rate of 2.1677, the exchange rate registered a net change of 114.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.2065 was up 116.51% compared to the 2023 peak of 1.0191, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 551,632 ETB

2023 Average 246,101 ETB

Yearly Trough Low 242,533 ETB

Transaction Impact: A difference of 309,098.43 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.2865

0.8608

JanuMarcMayJulySeptNove

PHP 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 1.0006, compared to 1.8694 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8688 points.

H1 Avg (Jan–Jun) 1.0006

H2 Avg (Jul–Dec) 1.8694

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.6519 ETB (High: 2.0034 / Low: 1.3514). On the other end, June was the most stable month, with a tight range of 0.0187 ETB (High: 0.9888 / Low: 0.9701).

August Spread (Volatile) ±0.6519

June Spread (Stable) ±0.0187

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0171 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0171

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 2.1677) against the same month in 2023 (average: 1.0115), the exchange rate shifted by +1.1562 (+114.30%).

2024 Avg (December) 2.1677

2023 Avg (December) 1.0115

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0194	0.9976	1.0083
February	1.0184	0.9984	1.0108
March	1.0261	0.9990	1.0148
April	1.0110	0.9848	0.9977
May	1.0031	0.9801	0.9923
June	0.9888	0.9701	0.9796
July	1.2905	0.9756	0.9962
August	2.0034	1.3514	1.8082
September	2.1414	1.9621	2.0608
October	2.1454	2.0558	2.0944
November	2.1538	2.0489	2.0888
December	2.2065	2.1099	2.1677

૨૦૨૫ PHP થી ETB ઐતિહાસિક સમીક્ષા