2024 DKK to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 DKK to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the DKK to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 23.6892. Conversely, the yearly low was recorded on December 31, dropping to 21.6818.
This high-to-low spread represents a total annual volatility of 2.0074 JMD. From a start-to-finish perspective, comparing the January average rate of 22.6824 to the December average rate of 21.9610, the exchange rate registered a net change of -3.18% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 23.6892 was up 1.58% compared to the 2023 peak of 23.3197, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 DKK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
DKK to JMD 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 22.5399, compared to 22.8253 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2855 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 1.0389 JMD (High: 23.1855 / Low: 22.1466). On the other end, February was the most stable month, with a tight range of 0.3157 JMD (High: 22.7754 / Low: 22.4597).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.6184 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 23.3877) against the same month in 2023 (average: 22.1240), the exchange rate shifted by +1.2636 (+5.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 22.9355 | 22.5040 | 22.6824 |
| February | 22.7754 | 22.4597 | 22.6412 |
| March | 22.8464 | 22.1958 | 22.5262 |
| April | 22.5509 | 22.0541 | 22.2863 |
| May | 22.7717 | 22.4192 | 22.6480 |
| June | 22.6927 | 22.2825 | 22.4551 |
| July | 22.9305 | 22.3984 | 22.7434 |
| August | 23.5039 | 22.6045 | 23.1457 |
| September | 23.6892 | 23.0848 | 23.3877 |
| October | 23.3712 | 22.9337 | 23.1349 |
| November | 23.1855 | 22.1466 | 22.5794 |
| December | 22.2850 | 21.6818 | 21.9610 |