2024 JMD to MMK Historical Review

YEARLY HIGH

20.7918 MMK

YEARLY LOW

13.1497 MMK

YEARLY AVERAGE

13.5652 MMK

2024 JMD to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JMD to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 20, valuing the pair at 20.7918. Conversely, the yearly low was recorded on November 10, dropping to 13.1497.

This high-to-low spread represents a total annual volatility of 7.6420 MMK. From a start-to-finish perspective, comparing the January average rate of 13.5399 to the December average rate of 13.4129, the exchange rate registered a net change of -0.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 20.7918 was up 48.94% compared to the 2023 peak of 13.9599, 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 103,959 MMK

2023 Average 68,128 MMK

Yearly Trough Low 65,749 MMK

Transaction Impact: A difference of 38,210.02 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

14.6911

13.1053

JanuMarcMayJulySeptNove

JMD to MMK 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 13.5965, compared to 13.5340 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0625 points.

H1 Avg (Jan–Jun) 13.5965

H2 Avg (Jul–Dec) 13.5340

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 7.3908 MMK (High: 20.7918 / Low: 13.4009). On the other end, May was the most stable month, with a tight range of 0.1327 MMK (High: 13.5085 / Low: 13.3758).

July Spread (Volatile) ±7.3908

May Spread (Stable) ±0.1327

Growth Streaks & Declines

Trends

Between May and July, 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 July and August, when the average rate fell by 1.1688 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.1688

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 14.5589) against the same month in 2023 (average: 13.5979), the exchange rate shifted by +0.9611 (+7.07%).

2024 Avg (July) 14.5589

2023 Avg (July) 13.5979

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.6440	13.4718	13.5399
February	13.5056	13.3699	13.4309
March	13.6808	13.4435	13.5787
April	13.7254	13.4357	13.5362
May	13.5085	13.3758	13.4332
June	15.9075	13.4073	14.0598
July	20.7918	13.4009	14.5589
August	13.5317	13.3081	13.3901
September	13.4986	13.2904	13.3579
October	13.3387	13.2031	13.2468
November	13.3410	13.1497	13.2374
December	13.4872	13.3187	13.4129