2024 FJD to IRR Historical Review

YEARLY HIGH

19285.3871 IRR

YEARLY LOW

18143.1189 IRR

YEARLY AVERAGE

18713.2989 IRR

2024 FJD to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the FJD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 19285.3871. Conversely, the yearly low was recorded on December 13, dropping to 18143.1189.

This high-to-low spread represents a total annual volatility of 1142.2682 IRR. From a start-to-finish perspective, comparing the January average rate of 18827.9588 to the December average rate of 18284.0890, the exchange rate registered a net change of -2.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 19285.3871 was down 1.65% compared to the 2023 peak of 19609.6654, 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 96,426,935 IRR

2023 Average 94,691,807 IRR

Yearly Trough Low 90,715,594 IRR

Transaction Impact: A difference of 5,711,341.06 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

19149.2692

18205.4362

JanuMarcMayJulySeptNove

FJD to IRR 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 18690.9008, compared to 18735.6970 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 44.7963 points.

H1 Avg (Jan–Jun) 18690.9008

H2 Avg (Jul–Dec) 18735.6970

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 741.7594 IRR (High: 19204.0062 / Low: 18462.2468). On the other end, February was the most stable month, with a tight range of 324.8959 IRR (High: 18810.3973 / Low: 18485.5014).

October Spread (Volatile) ±741.7594

February Spread (Stable) ±324.8959

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 November and December, when the average rate fell by 288.2367 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -288.2367

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 19070.6164) against the same month in 2023 (average: 18605.5093), the exchange rate shifted by +465.1071 (+2.50%).

2024 Avg (September) 19070.6164

2023 Avg (September) 18605.5093

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19182.6693	18550.5935	18827.9588
February	18810.3973	18485.5014	18691.0534
March	18871.7350	18454.0268	18672.3064
April	18793.0033	18348.1238	18564.2249
May	18885.8208	18361.0887	18656.7067
June	18895.4919	18569.5697	18733.1545
July	18951.5040	18564.0562	18764.0920
August	19117.7472	18550.9098	18873.3226
September	19285.3871	18776.6254	19070.6164
October	19204.0062	18462.2468	18849.7366
November	18806.4069	18322.5961	18572.3256
December	18589.4746	18143.1189	18284.0890