2024 JMD to MVR Historical Review

YEARLY HIGH

0.1011 MVR

YEARLY LOW

0.0925 MVR

YEARLY AVERAGE

0.0985 MVR

2024 JMD to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JMD to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 3, valuing the pair at 0.1011. Conversely, the yearly low was recorded on May 2, dropping to 0.0925.

This high-to-low spread represents a total annual volatility of 0.0086 MVR. From a start-to-finish perspective, comparing the January average rate of 0.0993 to the December average rate of 0.0985, the exchange rate registered a net change of -0.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1011 was down 1.79% compared to the 2023 peak of 0.1030, 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 506 MVR

2023 Average 499 MVR

Yearly Trough Low 462 MVR

Transaction Impact: A difference of 43.13 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1001

0.0967

JanuMarcMayJulySeptNove

JMD to MVR 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 0.0991, compared to 0.0979 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.0991

H2 Avg (Jul–Dec) 0.0979

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0071 MVR (High: 0.0996 / Low: 0.0925). On the other end, July was the most stable month, with a tight range of 0.0009 MVR (High: 0.0990 / Low: 0.0980).

May Spread (Volatile) ±0.0071

July Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between October and December, 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 April and May, when the average rate fell by 0.0010 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0997) against the same month in 2023 (average: 0.1009), the exchange rate shifted by -0.0013 (-1.28%).

2024 Avg (April) 0.0997

2023 Avg (April) 0.1009

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1001	0.0988	0.0993
February	0.0992	0.0978	0.0984
March	0.1009	0.0988	0.0999
April	0.1011	0.0988	0.0997
May	0.0996	0.0925	0.0987
June	0.0995	0.0978	0.0989
July	0.0990	0.0980	0.0985
August	0.0991	0.0975	0.0982
September	0.0988	0.0973	0.0978
October	0.0977	0.0966	0.0969
November	0.0983	0.0968	0.0974
December	0.0990	0.0979	0.0985