2024 TOP to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 TOP to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the TOP to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 53.4234. Conversely, the yearly low was recorded on February 19, dropping to 23.6658.
This high-to-low spread represents a total annual volatility of 29.7576 ETB. From a start-to-finish perspective, comparing the January average rate of 23.9549 to the December average rate of 52.8883, the exchange rate registered a net change of 120.78% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 53.4234 was up 120.67% compared to the 2023 peak of 24.2099, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
TOP 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 24.0456, compared to 45.4216 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 21.3760 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 15.0014 ETB (High: 48.1159 / Low: 33.1145). On the other end, March was the most stable month, with a tight range of 0.3897 ETB (High: 24.1391 / Low: 23.7493).
Growth Streaks & Declines
TrendsBetween April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0874 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 52.8883) against the same month in 2023 (average: 23.8995), the exchange rate shifted by +28.9888 (+121.29%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.2318 | 23.7796 | 23.9549 |
| February | 24.1688 | 23.6658 | 23.9146 |
| March | 24.1391 | 23.7493 | 23.9541 |
| April | 24.1181 | 23.7025 | 23.8667 |
| May | 24.4134 | 23.8812 | 24.2078 |
| June | 24.5638 | 24.1604 | 24.3758 |
| July | 31.6152 | 24.2027 | 24.6159 |
| August | 48.1159 | 33.1145 | 43.5514 |
| September | 51.2155 | 47.2354 | 49.2457 |
| October | 51.6144 | 50.0632 | 50.9511 |
| November | 52.6837 | 50.3187 | 51.2775 |
| December | 53.4234 | 51.8505 | 52.8883 |