2024 BOB to JMD Historical Review

YEARLY HIGH

23.0783 JMD

YEARLY LOW

22.1340 JMD

YEARLY AVERAGE

22.6221 JMD

2024 BOB to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BOB to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 23.0783. Conversely, the yearly low was recorded on March 26, dropping to 22.1340.

This high-to-low spread represents a total annual volatility of 0.9443 JMD. From a start-to-finish perspective, comparing the January average rate of 22.4449 to the December average rate of 22.6366, the exchange rate registered a net change of 0.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 23.0783 was up 1.90% compared to the 2023 peak of 22.6490, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 115,391 JMD

2023 Average 111,515 JMD

Yearly Trough Low 110,670 JMD

Transaction Impact: A difference of 4,721.30 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

22.9592

22.3178

JanuMarcMayJulySeptNove

BOB 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 22.4983, compared to 22.7459 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2476 points.

H1 Avg (Jan–Jun) 22.4983

H2 Avg (Jul–Dec) 22.7459

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.5043 JMD (High: 22.6383 / Low: 22.1340). On the other end, August was the most stable month, with a tight range of 0.1067 JMD (High: 22.7474 / Low: 22.6407).

March Spread (Volatile) ±0.5043

August Spread (Stable) ±0.1067

Growth Streaks & Declines

Trends

Between June and November, 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 November and December, when the average rate fell by 0.2691 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.2691

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 22.9057) against the same month in 2023 (average: 22.5064), the exchange rate shifted by +0.3994 (+1.77%).

2024 Avg (November) 22.9057

2023 Avg (November) 22.5064

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.5430	22.2735	22.4449
February	22.7300	22.4233	22.6228
March	22.6383	22.1340	22.3713
April	22.5928	22.1421	22.4078
May	22.7048	22.4746	22.6177
June	22.6125	22.4247	22.5253
July	22.7109	22.5178	22.6338
August	22.7474	22.6407	22.6907
September	22.8362	22.5478	22.7186
October	22.9891	22.7660	22.8896
November	23.0783	22.8004	22.9057
December	22.8004	22.4437	22.6366