2024 BMD to NPR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BMD to NPR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BMD to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 137.0489. Conversely, the yearly low was recorded on March 7, dropping to 131.7913.
This high-to-low spread represents a total annual volatility of 5.2576 NPR. From a start-to-finish perspective, comparing the January average rate of 132.9585 to the December average rate of 135.8875, the exchange rate registered a net change of 2.20% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 137.0489 was up 2.44% compared to the 2023 peak of 133.7858, 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 NPR 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 133.1347, compared to 134.5477 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4130 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was January, with a trading range of 1.9814 NPR (High: 134.4413 / Low: 132.4599). On the other end, July was the most stable month, with a tight range of 0.7570 NPR (High: 134.0152 / Low: 133.2582).
Growth Streaks & Declines
TrendsBetween March and August, 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 January and February, when the average rate fell by 0.1459 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 135.8875) against the same month in 2023 (average: 133.3137), the exchange rate shifted by +2.5738 (+1.93%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 134.4413 | 132.4599 | 132.9585 |
| February | 133.8442 | 132.3885 | 132.8126 |
| March | 133.4777 | 131.7913 | 132.7690 |
| April | 133.7190 | 132.9277 | 133.3544 |
| May | 134.2659 | 132.6208 | 133.3733 |
| June | 134.3666 | 132.9337 | 133.5403 |
| July | 134.0152 | 133.2582 | 133.7096 |
| August | 134.5126 | 132.7656 | 134.1127 |
| September | 134.5766 | 133.5185 | 134.1084 |
| October | 134.8108 | 133.9984 | 134.5231 |
| November | 135.7467 | 134.3972 | 134.9449 |
| December | 137.0489 | 135.0805 | 135.8875 |