2024 EUR to JMD Historical Review

YEARLY HIGH

176.6614 JMD

YEARLY LOW

161.6972 JMD

YEARLY AVERAGE

169.2203 JMD

2024 EUR to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the EUR to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 176.6614. Conversely, the yearly low was recorded on December 31, dropping to 161.6972.

This high-to-low spread represents a total annual volatility of 14.9642 JMD. From a start-to-finish perspective, comparing the January average rate of 169.1833 to the December average rate of 163.8073, 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 176.6614 was up 1.66% compared to the 2023 peak of 173.7732, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 883,307 JMD

2023 Average 833,772 JMD

Yearly Trough Low 808,486 JMD

Transaction Impact: A difference of 74,820.77 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

175.5713

162.7379

JanuMarcMayJulySeptNove

EUR 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 168.1370, compared to 170.3035 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.1665 points.

H1 Avg (Jan–Jun) 168.1370

H2 Avg (Jul–Dec) 170.3035

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 7.7313 JMD (High: 172.9170 / Low: 165.1857). On the other end, February was the most stable month, with a tight range of 2.3544 JMD (High: 169.7701 / Low: 167.4157).

November Spread (Volatile) ±7.7313

February Spread (Stable) ±2.3544

Growth Streaks & Declines

Trends

Between 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 4.6515 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -4.6515

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 174.5019) against the same month in 2023 (average: 165.0250), the exchange rate shifted by +9.4769 (+5.74%).

2024 Avg (September) 174.5019

2023 Avg (September) 165.0250

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	170.9925	167.7716	169.1833
February	169.7701	167.4157	168.8086
March	170.3136	165.5436	168.0396
April	168.2073	164.5283	166.2684
May	169.8948	167.2029	168.9913
June	169.2697	166.1690	167.5310
July	171.0635	167.0602	169.7266
August	175.5006	168.6735	172.7357
September	176.6614	172.2083	174.5019
October	174.3441	171.0551	172.5908
November	172.9170	165.1857	168.4589
December	166.1990	161.6972	163.8073