2024 IRR to ETB Historical Review

YEARLY HIGH

0.0030 ETB

YEARLY LOW

0.0013 ETB

YEARLY AVERAGE

0.0020 ETB

2024 IRR to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the IRR to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0030. Conversely, the yearly low was recorded on January 7, dropping to 0.0013.

This high-to-low spread represents a total annual volatility of 0.0017 ETB. From a start-to-finish perspective, comparing the January average rate of 0.0013 to the December average rate of 0.0030, the exchange rate registered a net change of 123.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0030 was up 125.47% compared to the 2023 peak of 0.0013, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15 ETB

2023 Average 6 ETB

Yearly Trough Low 7 ETB

Transaction Impact: A difference of 8.49 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0032

0.0012

JanuMarcMayJulySeptNove

IRR 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 0.0014, compared to 0.0026 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0014

H2 Avg (Jul–Dec) 0.0026

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0008 ETB (High: 0.0027 / Low: 0.0019). On the other end, May was the most stable month, with a tight range of 0.0000 ETB (High: 0.0014 / Low: 0.0014).

August Spread (Volatile) ±0.0008

May 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: 0.0030) against the same month in 2023 (average: 0.0013), the exchange rate shifted by +0.0017 (+125.75%).

2024 Avg (December) 0.0030

2023 Avg (December) 0.0013

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0013	0.0013	0.0013
February	0.0014	0.0013	0.0013
March	0.0014	0.0013	0.0013
April	0.0014	0.0013	0.0014
May	0.0014	0.0014	0.0014
June	0.0014	0.0014	0.0014
July	0.0018	0.0014	0.0014
August	0.0027	0.0019	0.0024
September	0.0028	0.0026	0.0027
October	0.0029	0.0028	0.0029
November	0.0030	0.0028	0.0029
December	0.0030	0.0029	0.0030