2024 JMD to AFN Historical Review

YEARLY HIGH

0.4790 AFN

YEARLY LOW

0.4102 AFN

YEARLY AVERAGE

0.4510 AFN

2024 JMD to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JMD to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 0.4790. Conversely, the yearly low was recorded on October 17, dropping to 0.4102.

This high-to-low spread represents a total annual volatility of 0.0688 AFN. From a start-to-finish perspective, comparing the January average rate of 0.4613 to the December average rate of 0.4439, the exchange rate registered a net change of -3.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4790 was down 20.18% compared to the 2023 peak of 0.6001, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,395 AFN

2023 Average 2,685 AFN

Yearly Trough Low 2,051 AFN

Transaction Impact: A difference of 343.89 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4723

0.4192

JanuMarcMayJulySeptNove

JMD to AFN 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 0.4618, compared to 0.4402 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0215 points.

H1 Avg (Jan–Jun) 0.4618

H2 Avg (Jul–Dec) 0.4402

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0274 AFN (High: 0.4787 / Low: 0.4513). On the other end, July was the most stable month, with a tight range of 0.0077 AFN (High: 0.4554 / Low: 0.4478).

January Spread (Volatile) ±0.0274

July Spread (Stable) ±0.0077

Growth Streaks & Declines

Trends

Between October and December, 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 September and October, when the average rate fell by 0.0189 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0189

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.4679) against the same month in 2023 (average: 0.5812), the exchange rate shifted by -0.1134 (-19.50%).

2024 Avg (February) 0.4679

2023 Avg (February) 0.5812

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4787	0.4513	0.4613
February	0.4790	0.4625	0.4679
March	0.4718	0.4617	0.4670
April	0.4696	0.4585	0.4629
May	0.4626	0.4517	0.4586
June	0.4614	0.4474	0.4531
July	0.4554	0.4478	0.4525
August	0.4564	0.4465	0.4519
September	0.4525	0.4329	0.4426
October	0.4356	0.4102	0.4236
November	0.4318	0.4216	0.4270
December	0.4523	0.4292	0.4439