2024 JMD to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 JMD to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the JMD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 3, valuing the pair at 274.9291. Conversely, the yearly low was recorded on November 10, dropping to 263.8255.
This high-to-low spread represents a total annual volatility of 11.1036 IRR. From a start-to-finish perspective, comparing the January average rate of 271.1659 to the December average rate of 269.6906, the exchange rate registered a net change of -0.54% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 274.9291 was down 2.66% compared to the 2023 peak of 282.4483, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 JMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
JMD to IRR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 270.5249, compared to 267.8582 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.6667 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was April, with a trading range of 5.7553 IRR (High: 274.9291 / Low: 269.1738). On the other end, July was the most stable month, with a tight range of 2.2804 IRR (High: 270.5425 / Low: 268.2622).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 2.3385 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 271.3061) against the same month in 2023 (average: 277.7672), the exchange rate shifted by -6.4612 (-2.33%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 273.1503 | 269.6401 | 271.1659 |
| February | 270.7690 | 267.0964 | 268.8274 |
| March | 274.4197 | 269.6402 | 271.9919 |
| April | 274.9291 | 269.1738 | 271.3061 |
| May | 271.4366 | 268.0222 | 269.3277 |
| June | 272.6040 | 269.0475 | 270.5306 |
| July | 270.5425 | 268.2622 | 269.2688 |
| August | 271.5702 | 267.0019 | 268.6870 |
| September | 270.8236 | 266.6465 | 268.0810 |
| October | 267.5855 | 264.9290 | 265.8336 |
| November | 267.6307 | 263.8255 | 265.5881 |
| December | 271.6076 | 267.1840 | 269.6906 |