2024 FKP to JOD Historical Review

YEARLY HIGH

0.9516 JOD

YEARLY LOW

0.8754 JOD

YEARLY AVERAGE

0.9060 JOD

2024 FKP to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the FKP to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 0.9516. Conversely, the yearly low was recorded on April 22, dropping to 0.8754.

This high-to-low spread represents a total annual volatility of 0.0762 JOD. From a start-to-finish perspective, comparing the January average rate of 0.9016 to the December average rate of 0.8961, the exchange rate registered a net change of -0.61% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9516 was up 2.19% compared to the 2023 peak of 0.9312, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,758 JOD

2023 Average 4,411 JOD

Yearly Trough Low 4,377 JOD

Transaction Impact: A difference of 381.04 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9419

0.8817

JanuMarcMayJulySeptNove

FKP to JOD 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 0.8969, compared to 0.9152 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0184 points.

H1 Avg (Jan–Jun) 0.8969

H2 Avg (Jul–Dec) 0.9152

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0405 JOD (High: 0.9394 / Low: 0.8989). On the other end, January was the most stable month, with a tight range of 0.0108 JOD (High: 0.9066 / Low: 0.8957).

August Spread (Volatile) ±0.0405

January Spread (Stable) ±0.0108

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 0.0205 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0205

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.9369) against the same month in 2023 (average: 0.8778), the exchange rate shifted by +0.0591 (+6.73%).

2024 Avg (September) 0.9369

2023 Avg (September) 0.8778

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9066	0.8957	0.9016
February	0.9040	0.8889	0.8957
March	0.9115	0.8930	0.9009
April	0.8987	0.8754	0.8867
May	0.9054	0.8854	0.8957
June	0.9081	0.8944	0.9006
July	0.9219	0.8963	0.9121
August	0.9394	0.8989	0.9176
September	0.9516	0.9240	0.9369
October	0.9407	0.9147	0.9246
November	0.9249	0.8885	0.9041
December	0.9066	0.8864	0.8961