2024 RUB to ETB Historical Review

YEARLY HIGH

1.3091 ETB

YEARLY LOW

0.5978 ETB

YEARLY AVERAGE

0.8778 ETB

2024 RUB to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the RUB to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on September 23, valuing the pair at 1.3091. Conversely, the yearly low was recorded on February 24, dropping to 0.5978.

This high-to-low spread represents a total annual volatility of 0.7113 ETB. From a start-to-finish perspective, comparing the January average rate of 0.6317 to the December average rate of 1.2211, the exchange rate registered a net change of 93.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.3091 was up 61.46% compared to the 2023 peak of 0.8108, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,546 ETB

2023 Average 3,235 ETB

Yearly Trough Low 2,989 ETB

Transaction Impact: A difference of 3,556.42 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.3300

0.5467

JanuMarcMayJulySeptNove

RUB 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 0.6266, compared to 1.1290 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5023 points.

H1 Avg (Jan–Jun) 0.6266

H2 Avg (Jul–Dec) 1.1290

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.3226 ETB (High: 1.2442 / Low: 0.9215). On the other end, March was the most stable month, with a tight range of 0.0143 ETB (High: 0.6255 / Low: 0.6113).

August Spread (Volatile) ±0.3226

March Spread (Stable) ±0.0143

Growth Streaks & Declines

Trends

Between April and September, 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 October and November, when the average rate fell by 0.0345 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0345

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 1.2647) against the same month in 2023 (average: 0.5709), the exchange rate shifted by +0.6938 (+121.53%).

2024 Avg (September) 1.2647

2023 Avg (September) 0.5709

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6441	0.6109	0.6317
February	0.6278	0.5978	0.6166
March	0.6255	0.6113	0.6177
April	0.6242	0.6032	0.6119
May	0.6500	0.6118	0.6292
June	0.6890	0.6350	0.6526
July	0.8770	0.6490	0.6672
August	1.2442	0.9215	1.1544
September	1.3091	1.2061	1.2647
October	1.2799	1.2267	1.2504
November	1.2841	1.1177	1.2159
December	1.2790	1.1246	1.2211