2024 JMD to IDR Historical Review

YEARLY HIGH

106.1883 IDR

YEARLY LOW

95.9085 IDR

YEARLY AVERAGE

101.4734 IDR

2024 JMD to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JMD to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 15, valuing the pair at 106.1883. Conversely, the yearly low was recorded on September 24, dropping to 95.9085.

This high-to-low spread represents a total annual volatility of 10.2799 IDR. From a start-to-finish perspective, comparing the January average rate of 100.7352 to the December average rate of 102.7196, the exchange rate registered a net change of 1.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 106.1883 was up 2.72% compared to the 2023 peak of 103.3811, 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 530,942 IDR

2023 Average 494,682 IDR

Yearly Trough Low 479,542 IDR

Transaction Impact: A difference of 51,399.26 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

105.8611

96.8706

JanuMarcMayJulySeptNove

JMD to IDR 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 102.3918, compared to 100.5549 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.8369 points.

H1 Avg (Jan–Jun) 102.3918

H2 Avg (Jul–Dec) 100.5549

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 5.9322 IDR (High: 104.1602 / Low: 98.2281). On the other end, February was the most stable month, with a tight range of 1.8731 IDR (High: 101.3210 / Low: 99.4479).

August Spread (Volatile) ±5.9322

February Spread (Stable) ±1.8731

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 July and August, when the average rate fell by 3.3480 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.3480

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 105.1119) against the same month in 2023 (average: 96.7504), the exchange rate shifted by +8.3615 (+8.64%).

2024 Avg (June) 105.1119

2023 Avg (June) 96.7504

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	101.8821	99.3340	100.7352
February	101.3210	99.4479	100.1627
March	103.3120	100.1001	101.6829
April	105.2173	102.6480	103.8637
May	104.4933	101.7525	102.7946
June	106.1883	104.0222	105.1119
July	105.3670	102.6903	103.9212
August	104.1602	98.2281	100.5732
September	99.4580	95.9085	97.6198
October	99.6848	97.0298	98.5477
November	101.2599	98.1203	99.9478
December	104.4586	100.7213	102.7196