2024 THB to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 THB to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the THB to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 10, valuing the pair at 3.7661. Conversely, the yearly low was recorded on April 22, dropping to 1.5384.
This high-to-low spread represents a total annual volatility of 2.2277 ETB. From a start-to-finish perspective, comparing the January average rate of 1.6044 to the December average rate of 3.7080, the exchange rate registered a net change of 131.11% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 3.7661 was up 128.68% compared to the 2023 peak of 1.6469, indicating shifts in long-term support levels.
Comparing the value generated converting 250,000 THB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
THB 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 1.5740, compared to 3.1547 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.5808 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 1.1084 ETB (High: 3.3229 / Low: 2.2145). On the other end, June was the most stable month, with a tight range of 0.0223 ETB (High: 1.5767 / Low: 1.5544).
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 October and November, when the average rate fell by 0.0433 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 3.7080) against the same month in 2023 (average: 1.6092), the exchange rate shifted by +2.0989 (+130.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.6422 | 1.5805 | 1.6044 |
| February | 1.6049 | 1.5683 | 1.5798 |
| March | 1.6041 | 1.5482 | 1.5787 |
| April | 1.5667 | 1.5384 | 1.5480 |
| May | 1.5915 | 1.5448 | 1.5663 |
| June | 1.5767 | 1.5544 | 1.5666 |
| July | 2.1246 | 1.5584 | 1.6083 |
| August | 3.3229 | 2.2145 | 2.9695 |
| September | 3.6887 | 3.2393 | 3.4735 |
| October | 3.6672 | 3.5375 | 3.6062 |
| November | 3.6798 | 3.4866 | 3.5629 |
| December | 3.7661 | 3.6300 | 3.7080 |