2024 JMD to GIP Historical Review

YEARLY HIGH

0.0052 GIP

YEARLY LOW

0.0047 GIP

YEARLY AVERAGE

0.0050 GIP

2024 JMD to GIP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JMD to GIP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 20, valuing the pair at 0.0052. Conversely, the yearly low was recorded on September 24, dropping to 0.0047.

This high-to-low spread represents a total annual volatility of 0.0005 GIP. From a start-to-finish perspective, comparing the January average rate of 0.0051 to the December average rate of 0.0051, the exchange rate registered a net change of -0.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0052 was down 6.05% compared to the 2023 peak of 0.0055, 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 26 GIP

2023 Average 26 GIP

Yearly Trough Low 24 GIP

Transaction Impact: A difference of 2.40 GIP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0052

0.0048

JanuMarcMayJulySeptNove

JMD to GIP 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 0.0051, compared to 0.0049 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0051

H2 Avg (Jul–Dec) 0.0049

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0002 GIP (High: 0.0050 / Low: 0.0048). On the other end, June was the most stable month, with a tight range of 0.0001 GIP (High: 0.0051 / Low: 0.0050).

August Spread (Volatile) ±0.0002

June Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between September and December, 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 August and September, when the average rate fell by 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0052) against the same month in 2023 (average: 0.0053), the exchange rate shifted by -0.0001 (-2.40%).

2024 Avg (April) 0.0052

2023 Avg (April) 0.0053

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0051	0.0050	0.0051
February	0.0051	0.0050	0.0051
March	0.0052	0.0050	0.0051
April	0.0052	0.0051	0.0052
May	0.0051	0.0050	0.0051
June	0.0051	0.0050	0.0051
July	0.0051	0.0049	0.0050
August	0.0050	0.0048	0.0049
September	0.0049	0.0047	0.0048
October	0.0049	0.0048	0.0048
November	0.0051	0.0048	0.0049
December	0.0051	0.0050	0.0051