2024 FJD to MMK Historical Review

YEARLY HIGH

1452.3415 MMK

YEARLY LOW

901.6869 MMK

YEARLY AVERAGE

943.0381 MMK

2024 FJD to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the FJD to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 1452.3415. Conversely, the yearly low was recorded on December 31, dropping to 901.6869.

This high-to-low spread represents a total annual volatility of 550.6546 MMK. From a start-to-finish perspective, comparing the January average rate of 940.1233 to the December average rate of 909.3628, the exchange rate registered a net change of -3.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1452.3415 was up 48.79% compared to the 2023 peak of 976.1129, 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 7,261,708 MMK

2023 Average 4,708,045 MMK

Yearly Trough Low 4,508,435 MMK

Transaction Impact: A difference of 2,753,273.23 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1025.2085

898.8314

JanuMarcMayJulySeptNove

FJD to MMK 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 939.4376, compared to 946.6385 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.2009 points.

H1 Avg (Jan–Jun) 939.4376

H2 Avg (Jul–Dec) 946.6385

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 524.4335 MMK (High: 1452.3415 / Low: 927.9080). On the other end, February was the most stable month, with a tight range of 20.5357 MMK (High: 942.0016 / Low: 921.4660).

July Spread (Volatile) ±524.4335

February Spread (Stable) ±20.5357

Growth Streaks & Declines

Trends

Between April and July, 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 July and August, when the average rate fell by 74.1163 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -74.1163

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 1014.6770) against the same month in 2023 (average: 945.7563), the exchange rate shifted by +68.9207 (+7.29%).

2024 Avg (July) 1014.6770

2023 Avg (July) 945.7563

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	959.4443	926.1935	940.1233
February	942.0016	921.4660	933.8303
March	942.9515	920.0617	932.1833
April	938.2237	914.6906	926.2213
May	942.7797	916.5871	930.5410
June	1109.8784	926.6315	973.7266
July	1452.3415	927.9080	1014.6770
August	952.8784	924.3512	940.5607
September	961.0628	935.8760	950.2448
October	957.2915	919.9334	939.3036
November	937.3604	913.2460	925.6821
December	926.6580	901.6869	909.3628