2024 AFN to JMD Historical Review

YEARLY HIGH

2.4377 JMD

YEARLY LOW

2.0877 JMD

YEARLY AVERAGE

2.2196 JMD

2024 AFN to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AFN to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 17, valuing the pair at 2.4377. Conversely, the yearly low was recorded on February 3, dropping to 2.0877.

This high-to-low spread represents a total annual volatility of 0.3500 JMD. From a start-to-finish perspective, comparing the January average rate of 2.1682 to the December average rate of 2.2536, the exchange rate registered a net change of 3.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.4377 was up 8.03% compared to the 2023 peak of 2.2565, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,188 JMD

2023 Average 9,387 JMD

Yearly Trough Low 10,438 JMD

Transaction Impact: A difference of 1,750.06 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.3839

2.1150

JanuMarcMayJulySeptNove

AFN to JMD 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 2.1659, compared to 2.2733 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1075 points.

H1 Avg (Jan–Jun) 2.1659

H2 Avg (Jul–Dec) 2.2733

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.1418 JMD (High: 2.4377 / Low: 2.2959). On the other end, July was the most stable month, with a tight range of 0.0376 JMD (High: 2.2333 / Low: 2.1957).

October Spread (Volatile) ±0.1418

July Spread (Stable) ±0.0376

Growth Streaks & Declines

Trends

Between February and October, 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 November and December, when the average rate fell by 0.0882 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0882

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 2.3615) against the same month in 2023 (average: 2.0519), the exchange rate shifted by +0.3097 (+15.09%).

2024 Avg (October) 2.3615

2023 Avg (October) 2.0519

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2158	2.0891	2.1682
February	2.1623	2.0877	2.1374
March	2.1659	2.1197	2.1415
April	2.1809	2.1293	2.1603
May	2.2139	2.1619	2.1805
June	2.2350	2.1675	2.2072
July	2.2333	2.1957	2.2097
August	2.2397	2.1911	2.2131
September	2.3100	2.2099	2.2601
October	2.4377	2.2959	2.3615
November	2.3719	2.3160	2.3419
December	2.3297	2.2110	2.2536