2024 JMD to CVE Historical Review

YEARLY HIGH

0.6808 CVE

YEARLY LOW

0.6283 CVE

YEARLY AVERAGE

0.6524 CVE

2024 JMD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JMD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 0.6808. Conversely, the yearly low was recorded on September 30, dropping to 0.6283.

This high-to-low spread represents a total annual volatility of 0.0526 CVE. From a start-to-finish perspective, comparing the January average rate of 0.6522 to the December average rate of 0.6728, the exchange rate registered a net change of 3.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6808 was down 1.30% compared to the 2023 peak of 0.6898, 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 3,404 CVE

2023 Average 3,313 CVE

Yearly Trough Low 3,141 CVE

Transaction Impact: A difference of 262.83 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6768

0.6288

JanuMarcMayJulySeptNove

JMD to CVE 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 0.6564, compared to 0.6484 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0079 points.

H1 Avg (Jan–Jun) 0.6564

H2 Avg (Jul–Dec) 0.6484

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0271 CVE (High: 0.6670 / Low: 0.6399). On the other end, February was the most stable month, with a tight range of 0.0098 CVE (High: 0.6592 / Low: 0.6494).

November Spread (Volatile) ±0.0271

February Spread (Stable) ±0.0098

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0101 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0101

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.6728) against the same month in 2023 (average: 0.6514), the exchange rate shifted by +0.0214 (+3.29%).

2024 Avg (December) 0.6728

2023 Avg (December) 0.6514

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6566	0.6443	0.6522
February	0.6592	0.6494	0.6540
March	0.6657	0.6494	0.6570
April	0.6690	0.6556	0.6624
May	0.6624	0.6486	0.6537
June	0.6644	0.6510	0.6589
July	0.6623	0.6438	0.6504
August	0.6558	0.6309	0.6403
September	0.6408	0.6283	0.6328
October	0.6463	0.6314	0.6396
November	0.6670	0.6399	0.6547
December	0.6808	0.6633	0.6728