2024 GMD to JMD Historical Review

YEARLY HIGH

2.3401 JMD

YEARLY LOW

2.1606 JMD

YEARLY AVERAGE

2.2733 JMD

2024 GMD to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GMD to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 8, valuing the pair at 2.3401. Conversely, the yearly low was recorded on December 30, dropping to 2.1606.

This high-to-low spread represents a total annual volatility of 0.1794 JMD. From a start-to-finish perspective, comparing the January average rate of 2.3044 to the December average rate of 2.1782, the exchange rate registered a net change of -5.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.3401 was down 10.28% compared to the 2023 peak of 2.6082, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,700 JMD

2023 Average 12,386 JMD

Yearly Trough Low 10,803 JMD

Transaction Impact: A difference of 897.17 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.3268

2.1647

JanuMarcMayJulySeptNove

GMD 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 2.2967, compared to 2.2498 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0469 points.

H1 Avg (Jan–Jun) 2.2967

H2 Avg (Jul–Dec) 2.2498

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.0979 JMD (High: 2.3045 / Low: 2.2066). On the other end, June was the most stable month, with a tight range of 0.0232 JMD (High: 2.3088 / Low: 2.2856).

September Spread (Volatile) ±0.0979

June Spread (Stable) ±0.0232

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0616 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0616

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 2.2862) against the same month in 2023 (average: 2.3616), the exchange rate shifted by -0.0754 (-3.19%).

2024 Avg (October) 2.2862

2023 Avg (October) 2.3616

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3157	2.2902	2.3044
February	2.3349	2.2952	2.3133
March	2.2955	2.2559	2.2754
April	2.3065	2.2519	2.2841
May	2.3164	2.2863	2.3060
June	2.3088	2.2856	2.2972
July	2.3157	2.2512	2.3053
August	2.2785	2.1992	2.2437
September	2.3045	2.2066	2.2581
October	2.3401	2.2519	2.2862
November	2.2499	2.2113	2.2276
December	2.2149	2.1606	2.1782