2024 BMD to HNL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BMD to HNL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BMD to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 25.4381. Conversely, the yearly low was recorded on January 6, dropping to 24.5700.
This high-to-low spread represents a total annual volatility of 0.8681 HNL. From a start-to-finish perspective, comparing the January average rate of 24.6877 to the December average rate of 25.3503, the exchange rate registered a net change of 2.68% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 25.4381 was up 1.96% compared to the 2023 peak of 24.9500, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BMD to HNL 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 24.7269, compared to 24.9936 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2666 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 0.4334 HNL (High: 25.2634 / Low: 24.8300). On the other end, July was the most stable month, with a tight range of 0.1428 HNL (High: 24.8400 / Low: 24.6972).
Growth Streaks & Declines
TrendsBetween July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0210 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 25.3503) against the same month in 2023 (average: 24.7130), the exchange rate shifted by +0.6374 (+2.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.7500 | 24.5700 | 24.6877 |
| February | 24.8951 | 24.6434 | 24.7205 |
| March | 24.8250 | 24.5810 | 24.7210 |
| April | 24.8021 | 24.6171 | 24.7039 |
| May | 24.8200 | 24.6304 | 24.7364 |
| June | 25.0790 | 24.6571 | 24.7922 |
| July | 24.8400 | 24.6972 | 24.7712 |
| August | 24.9277 | 24.5813 | 24.7894 |
| September | 24.9307 | 24.7443 | 24.8353 |
| October | 25.2634 | 24.8300 | 25.0213 |
| November | 25.3723 | 25.0500 | 25.1938 |
| December | 25.4381 | 25.2424 | 25.3503 |