2024 MMK to ETB Historical Review

YEARLY HIGH

0.0610 ETB

YEARLY LOW

0.0176 ETB

YEARLY AVERAGE

0.0390 ETB

2024 MMK to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MMK to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.0610. Conversely, the yearly low was recorded on July 20, dropping to 0.0176.

This high-to-low spread represents a total annual volatility of 0.0433 ETB. From a start-to-finish perspective, comparing the January average rate of 0.0269 to the December average rate of 0.0604, the exchange rate registered a net change of 124.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0610 was up 127.37% compared to the 2023 peak of 0.0268, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 305 ETB

2023 Average 130 ETB

Yearly Trough Low 88 ETB

Transaction Impact: A difference of 216.66 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0638

0.0226

JanuMarcMayJulySeptNove

MMK 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 0.0269, compared to 0.0510 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0241 points.

H1 Avg (Jan–Jun) 0.0269

H2 Avg (Jul–Dec) 0.0510

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0183 ETB (High: 0.0360 / Low: 0.0176). On the other end, March was the most stable month, with a tight range of 0.0002 ETB (High: 0.0271 / Low: 0.0269).

July Spread (Volatile) ±0.0183

March Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0009 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0604) against the same month in 2023 (average: 0.0267), the exchange rate shifted by +0.0336 (+125.96%).

2024 Avg (December) 0.0604

2023 Avg (December) 0.0267

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0270	0.0267	0.0269
February	0.0270	0.0268	0.0270
March	0.0271	0.0269	0.0270
April	0.0273	0.0270	0.0271
May	0.0274	0.0271	0.0273
June	0.0275	0.0232	0.0264
July	0.0360	0.0176	0.0260
August	0.0537	0.0376	0.0491
September	0.0571	0.0526	0.0550
October	0.0581	0.0564	0.0574
November	0.0603	0.0572	0.0584
December	0.0610	0.0592	0.0604