2024 RON to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 RON to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the RON to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 26.9849. Conversely, the yearly low was recorded on April 16, dropping to 12.1363.
This high-to-low spread represents a total annual volatility of 14.8486 ETB. From a start-to-finish perspective, comparing the January average rate of 12.3734 to the December average rate of 26.6587, the exchange rate registered a net change of 115.45% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 26.9849 was up 114.86% compared to the 2023 peak of 12.5590, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 RON based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
RON 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 12.3699, compared to 23.4165 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 11.0466 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 8.2298 ETB (High: 25.3171 / Low: 17.0873). On the other end, May was the most stable month, with a tight range of 0.2499 ETB (High: 12.5698 / Low: 12.3199).
Growth Streaks & Declines
TrendsBetween 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 October and November, when the average rate fell by 0.1902 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 26.6587) against the same month in 2023 (average: 12.3397), the exchange rate shifted by +14.3190 (+116.04%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 12.5367 | 12.2071 | 12.3734 |
| February | 12.4021 | 12.1493 | 12.2859 |
| March | 12.5126 | 12.2452 | 12.4035 |
| April | 12.4407 | 12.1363 | 12.2652 |
| May | 12.5698 | 12.3199 | 12.4578 |
| June | 12.5919 | 12.2625 | 12.4335 |
| July | 16.4078 | 12.3900 | 12.7120 |
| August | 25.3171 | 17.0873 | 22.8081 |
| September | 26.9144 | 24.5138 | 25.7870 |
| October | 26.8199 | 25.8807 | 26.3616 |
| November | 26.8430 | 25.6140 | 26.1714 |
| December | 26.9849 | 26.0069 | 26.6587 |