2024 QAR to ETB Historical Review

YEARLY HIGH

35.0836 ETB

YEARLY LOW

15.3559 ETB

YEARLY AVERAGE

22.5964 ETB

2024 QAR to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 35.0836. Conversely, the yearly low was recorded on January 7, dropping to 15.3559.

This high-to-low spread represents a total annual volatility of 19.7277 ETB. From a start-to-finish perspective, comparing the January average rate of 15.4877 to the December average rate of 34.7649, the exchange rate registered a net change of 124.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 35.0836 was up 126.46% compared to the 2023 peak of 15.4923, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 175,418 ETB

2023 Average 75,132 ETB

Yearly Trough Low 76,780 ETB

Transaction Impact: A difference of 98,638.53 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

36.6926

13.5600

JanuMarcMayJulySeptNove

QAR 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 15.6243, compared to 29.5686 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 13.9444 points.

H1 Avg (Jan–Jun) 15.6243

H2 Avg (Jul–Dec) 29.5686

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 9.3214 ETB (High: 30.9587 / Low: 21.6373). On the other end, March was the most stable month, with a tight range of 0.1357 ETB (High: 15.6276 / Low: 15.4919).

August Spread (Volatile) ±9.3214

March Spread (Stable) ±0.1357

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 34.7649) against the same month in 2023 (average: 15.4086), the exchange rate shifted by +19.3562 (+125.62%).

2024 Avg (December) 34.7649

2023 Avg (December) 15.4086

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.5558	15.3559	15.4877
February	15.5789	15.4097	15.5406
March	15.6276	15.4919	15.5785
April	15.7393	15.5467	15.6218
May	15.7887	15.6435	15.7360
June	15.8350	15.6329	15.7809
July	20.7067	15.7069	15.9861
August	30.9587	21.6373	28.2802
September	32.9116	30.3071	31.6986
October	33.4999	32.5065	33.0235
November	34.6789	32.9443	33.6583
December	35.0836	34.0971	34.7649

2024 QAR నుండి ETB చారిత్రక సమీక్ష