2024 HKD to JMD Historical Review

YEARLY HIGH

20.5196 JMD

YEARLY LOW

19.5315 JMD

YEARLY AVERAGE

20.0404 JMD

2024 HKD to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HKD to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 20.5196. Conversely, the yearly low was recorded on April 3, dropping to 19.5315.

This high-to-low spread represents a total annual volatility of 0.9881 JMD. From a start-to-finish perspective, comparing the January average rate of 19.8385 to the December average rate of 20.1216, the exchange rate registered a net change of 1.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 20.5196 was up 2.34% compared to the 2023 peak of 20.0499, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 512,990 JMD

2023 Average 491,962 JMD

Yearly Trough Low 488,287 JMD

Transaction Impact: A difference of 24,703.59 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

20.4472

19.6945

JanuMarcMayJulySeptNove

HKD 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 19.8885, compared to 20.1923 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3038 points.

H1 Avg (Jan–Jun) 19.8885

H2 Avg (Jul–Dec) 20.1923

Volatility Range Comparison

Volatility

The most volatile month in 2024 was April, with a trading range of 0.4567 JMD (High: 19.9881 / Low: 19.5315). On the other end, July was the most stable month, with a tight range of 0.1775 JMD (High: 20.0938 / Low: 19.9163).

April Spread (Volatile) ±0.4567

July Spread (Stable) ±0.1775

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.2499 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2499

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 20.3715) against the same month in 2023 (average: 19.8981), the exchange rate shifted by +0.4734 (+2.38%).

2024 Avg (November) 20.3715

2023 Avg (November) 19.8981

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.9520	19.7017	19.8385
February	20.1278	19.8561	19.9936
March	19.9163	19.5766	19.7572
April	19.9881	19.5315	19.8034
May	20.0872	19.8953	20.0072
June	20.0319	19.8021	19.9312
July	20.0938	19.9163	20.0218
August	20.2189	19.8639	20.0955
September	20.2823	19.9370	20.1590
October	20.4458	20.2374	20.3844
November	20.5196	20.2093	20.3715
December	20.2361	20.0249	20.1216