2024 SYP to ETB Historical Review

YEARLY HIGH

0.0506 ETB

YEARLY LOW

0.0095 ETB

YEARLY AVERAGE

0.0316 ETB

2024 SYP to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SYP to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 0.0506. Conversely, the yearly low was recorded on December 22, dropping to 0.0095.

This high-to-low spread represents a total annual volatility of 0.0411 ETB. From a start-to-finish perspective, comparing the January average rate of 0.0225 to the December average rate of 0.0359, the exchange rate registered a net change of 60.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0506 was up 125.42% compared to the 2023 peak of 0.0225, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 253 ETB

2023 Average 109 ETB

Yearly Trough Low 48 ETB

Transaction Impact: A difference of 205.36 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0514

0.0198

JanuMarcMayJulySeptNove

SYP 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 0.0227, compared to 0.0405 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0178 points.

H1 Avg (Jan–Jun) 0.0227

H2 Avg (Jul–Dec) 0.0405

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0411 ETB (High: 0.0506 / Low: 0.0095). On the other end, May was the most stable month, with a tight range of 0.0002 ETB (High: 0.0229 / Low: 0.0227).

December Spread (Volatile) ±0.0411

May Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between January and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0129 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0129

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0359) against the same month in 2023 (average: 0.0224), the exchange rate shifted by +0.0136 (+60.80%).

2024 Avg (December) 0.0359

2023 Avg (December) 0.0224

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0225	0.0222	0.0225
February	0.0227	0.0224	0.0225
March	0.0227	0.0224	0.0226
April	0.0229	0.0225	0.0226
May	0.0229	0.0227	0.0228
June	0.0230	0.0227	0.0229
July	0.0300	0.0228	0.0232
August	0.0449	0.0314	0.0410
September	0.0477	0.0440	0.0460
October	0.0485	0.0471	0.0479
November	0.0503	0.0477	0.0488
December	0.0506	0.0095	0.0359