2024 JMD to INR Historical Review

YEARLY HIGH

0.5515 INR

YEARLY LOW

0.5272 INR

YEARLY AVERAGE

0.5351 INR

2024 JMD to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JMD to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.5515. Conversely, the yearly low was recorded on February 4, dropping to 0.5272.

This high-to-low spread represents a total annual volatility of 0.0243 INR. From a start-to-finish perspective, comparing the January average rate of 0.5360 to the December average rate of 0.5435, the exchange rate registered a net change of 1.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5515 was down 0.05% compared to the 2023 peak of 0.5518, 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 2,757 INR

2023 Average 2,680 INR

Yearly Trough Low 2,636 INR

Transaction Impact: A difference of 121.45 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5448

0.5293

JanuMarcMayJulySeptNove

JMD to INR 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 0.5352, compared to 0.5350 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) 0.5352

H2 Avg (Jul–Dec) 0.5350

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0145 INR (High: 0.5458 / Low: 0.5313). On the other end, July was the most stable month, with a tight range of 0.0040 INR (High: 0.5363 / Low: 0.5323).

March Spread (Volatile) ±0.0145

July Spread (Stable) ±0.0040

Growth Streaks & Declines

Trends

Between February and April, 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 January and February, when the average rate fell by 0.0054 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0054

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.5435) against the same month in 2023 (average: 0.5360), the exchange rate shifted by +0.0075 (+1.40%).

2024 Avg (December) 0.5435

2023 Avg (December) 0.5360

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5405	0.5331	0.5360
February	0.5341	0.5272	0.5306
March	0.5458	0.5313	0.5374
April	0.5453	0.5330	0.5379
May	0.5366	0.5311	0.5334
June	0.5389	0.5336	0.5363
July	0.5363	0.5323	0.5347
August	0.5401	0.5325	0.5354
September	0.5403	0.5295	0.5336
October	0.5333	0.5291	0.5307
November	0.5377	0.5289	0.5323
December	0.5515	0.5377	0.5435