2024 IRR to JMD Historical Review

YEARLY HIGH

0.0038 JMD

YEARLY LOW

0.0036 JMD

YEARLY AVERAGE

0.0037 JMD

2024 IRR to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the IRR to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 0.0038. Conversely, the yearly low was recorded on April 3, dropping to 0.0036.

This high-to-low spread represents a total annual volatility of 0.0002 JMD. From a start-to-finish perspective, comparing the January average rate of 0.0037 to the December average rate of 0.0037, the exchange rate registered a net change of 0.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0038 was up 2.26% compared to the 2023 peak of 0.0037, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 19 JMD

2023 Average 18 JMD

Yearly Trough Low 18 JMD

Transaction Impact: A difference of 0.77 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0038

0.0037

JanuMarcMayJulySeptNove

IRR 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 0.0037, compared to 0.0037 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0037

H2 Avg (Jul–Dec) 0.0037

Volatility Range Comparison

Volatility

The most volatile month in 2024 was April, with a trading range of 0.0001 JMD (High: 0.0037 / Low: 0.0036). On the other end, July was the most stable month, with a tight range of 0.0000 JMD (High: 0.0037 / Low: 0.0037).

April Spread (Volatile) ±0.0001

July Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between June and November, 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 0.0001 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.0038) against the same month in 2023 (average: 0.0037), the exchange rate shifted by +0.0001 (+2.43%).

2024 Avg (November) 0.0038

2023 Avg (November) 0.0037

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0037	0.0037	0.0037
February	0.0037	0.0037	0.0037
March	0.0037	0.0036	0.0037
April	0.0037	0.0036	0.0037
May	0.0037	0.0037	0.0037
June	0.0037	0.0037	0.0037
July	0.0037	0.0037	0.0037
August	0.0037	0.0037	0.0037
September	0.0038	0.0037	0.0037
October	0.0038	0.0037	0.0038
November	0.0038	0.0037	0.0038
December	0.0037	0.0037	0.0037