2024 FJD to INR Historical Review

YEARLY HIGH

38.4013 INR

YEARLY LOW

36.3179 INR

YEARLY AVERAGE

37.2000 INR

2024 FJD to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the FJD to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 38.4013. Conversely, the yearly low was recorded on April 23, dropping to 36.3179.

This high-to-low spread represents a total annual volatility of 2.0834 INR. From a start-to-finish perspective, comparing the January average rate of 37.2129 to the December average rate of 36.8443, the exchange rate registered a net change of -0.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 38.4013 was up 0.92% compared to the 2023 peak of 38.0521, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 192,007 INR

2023 Average 185,185 INR

Yearly Trough Low 181,590 INR

Transaction Impact: A difference of 10,416.94 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

38.0704

36.6915

JanuMarcMayJulySeptNove

FJD to INR 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 36.9807, compared to 37.4193 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4386 points.

H1 Avg (Jan–Jun) 36.9807

H2 Avg (Jul–Dec) 37.4193

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 1.4018 INR (High: 38.2724 / Low: 36.8706). On the other end, February was the most stable month, with a tight range of 0.6514 INR (High: 37.1068 / Low: 36.4553).

October Spread (Volatile) ±1.4018

February Spread (Stable) ±0.6514

Growth Streaks & Declines

Trends

Between April and September, 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 October and November, when the average rate fell by 0.4054 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.4054

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 37.9555) against the same month in 2023 (average: 36.5686), the exchange rate shifted by +1.3870 (+3.79%).

2024 Avg (September) 37.9555

2023 Avg (September) 36.5686

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.9065	36.6600	37.2129
February	37.1068	36.4553	36.8894
March	37.1750	36.5021	36.8898
April	37.1837	36.3179	36.8064
May	37.4481	36.4086	36.9499
June	37.4453	36.7863	37.1356
July	37.6073	36.8046	37.2588
August	38.1161	36.9641	37.6063
September	38.4013	37.4490	37.9555
October	38.2724	36.8706	37.6281
November	37.7068	36.7321	37.2227
December	37.3523	36.5422	36.8443