2024 NPR to ETB Historical Review

YEARLY HIGH

0.9385 ETB

YEARLY LOW

0.4180 ETB

YEARLY AVERAGE

0.6137 ETB

2024 NPR to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NPR to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 0.9385. Conversely, the yearly low was recorded on January 2, dropping to 0.4180.

This high-to-low spread represents a total annual volatility of 0.5205 ETB. From a start-to-finish perspective, comparing the January average rate of 0.4244 to the December average rate of 0.9320, the exchange rate registered a net change of 119.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9385 was up 121.65% compared to the 2023 peak of 0.4234, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,692 ETB

2023 Average 2,072 ETB

Yearly Trough Low 2,090 ETB

Transaction Impact: A difference of 2,602.29 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9827

0.3736

JanuMarcMayJulySeptNove

NPR 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 0.4275, compared to 0.7999 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3724 points.

H1 Avg (Jan–Jun) 0.4275

H2 Avg (Jul–Dec) 0.7999

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.2510 ETB (High: 0.8397 / Low: 0.5887). On the other end, February was the most stable month, with a tight range of 0.0051 ETB (High: 0.4280 / Low: 0.4229).

August Spread (Volatile) ±0.2510

February Spread (Stable) ±0.0051

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0006 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.9320) against the same month in 2023 (average: 0.4213), the exchange rate shifted by +0.5107 (+121.23%).

2024 Avg (December) 0.9320

2023 Avg (December) 0.4213

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4265	0.4180	0.4244
February	0.4280	0.4229	0.4263
March	0.4292	0.4220	0.4273
April	0.4305	0.4251	0.4267
May	0.4321	0.4261	0.4298
June	0.4332	0.4276	0.4306
July	0.5636	0.4283	0.4357
August	0.8397	0.5887	0.7673
September	0.8965	0.8220	0.8611
October	0.9080	0.8809	0.8948
November	0.9356	0.8910	0.9086
December	0.9385	0.9164	0.9320