2024 SGD to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 10, valuing the pair at 94.6793. Conversely, the yearly low was recorded on April 20, dropping to 41.6481.
This high-to-low spread represents a total annual volatility of 53.0313 ETB. From a start-to-finish perspective, comparing the January average rate of 42.2392 to the December average rate of 93.7356, the exchange rate registered a net change of 121.92% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 94.6793 was up 121.61% compared to the 2023 peak of 42.7231, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SGD 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 42.2522, compared to 81.3406 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 39.0883 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 27.6745 ETB (High: 86.6316 / Low: 58.9572). On the other end, June was the most stable month, with a tight range of 0.5695 ETB (High: 42.7250 / Low: 42.1556).
Growth Streaks & Declines
TrendsBetween April and October, 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 March and April, when the average rate fell by 0.3729 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 93.7356) against the same month in 2023 (average: 42.1828), the exchange rate shifted by +51.5528 (+122.21%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 42.7887 | 41.9403 | 42.2392 |
| February | 42.5206 | 41.7705 | 42.0969 |
| March | 42.6888 | 41.7595 | 42.2960 |
| April | 42.3281 | 41.6481 | 41.9231 |
| May | 42.7372 | 42.0462 | 42.4413 |
| June | 42.7250 | 42.1556 | 42.5168 |
| July | 56.4444 | 42.3072 | 43.2896 |
| August | 86.6316 | 58.9572 | 78.2820 |
| September | 93.3160 | 84.5710 | 89.1396 |
| October | 93.2821 | 90.3250 | 91.8439 |
| November | 94.3020 | 90.3962 | 91.7528 |
| December | 94.6793 | 91.5995 | 93.7356 |