2024 PEN to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PEN to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PEN to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 34.2677. Conversely, the yearly low was recorded on February 14, dropping to 14.6006.
This high-to-low spread represents a total annual volatility of 19.6670 ETB. From a start-to-finish perspective, comparing the January average rate of 15.1232 to the December average rate of 33.9372, the exchange rate registered a net change of 124.40% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 34.2677 was up 121.59% compared to the 2023 peak of 15.4642, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PEN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
PEN to ETB Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 15.1779, compared to 28.6873 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 13.5094 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 9.0244 ETB (High: 30.1100 / Low: 21.0856). On the other end, June was the most stable month, with a tight range of 0.3410 ETB (High: 15.4007 / Low: 15.0597).
Growth Streaks & Declines
TrendsBetween June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.3330 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 33.9372) against the same month in 2023 (average: 15.0322), the exchange rate shifted by +18.9050 (+125.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.2977 | 14.7652 | 15.1232 |
| February | 15.0026 | 14.6006 | 14.7903 |
| March | 15.4705 | 14.9592 | 15.2724 |
| April | 15.4526 | 15.0929 | 15.3152 |
| May | 15.5580 | 15.1689 | 15.3649 |
| June | 15.4007 | 15.0597 | 15.2012 |
| July | 20.2109 | 14.9215 | 15.4794 |
| August | 30.1100 | 21.0856 | 27.5482 |
| September | 31.9351 | 29.2632 | 30.6373 |
| October | 32.5196 | 31.4449 | 32.0922 |
| November | 33.7448 | 31.8184 | 32.4292 |
| December | 34.2677 | 33.3321 | 33.9372 |