2024 JMD to MWK Historical Review

YEARLY HIGH

11.3559 MWK

YEARLY LOW

10.7063 MWK

YEARLY AVERAGE

11.0169 MWK

2024 JMD to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JMD to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 3, valuing the pair at 11.3559. Conversely, the yearly low was recorded on February 3, dropping to 10.7063.

This high-to-low spread represents a total annual volatility of 0.6496 MWK. From a start-to-finish perspective, comparing the January average rate of 10.8513 to the December average rate of 11.0832, the exchange rate registered a net change of 2.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 11.3559 was up 4.22% compared to the 2023 peak of 10.8964, 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 56,779 MWK

2023 Average 36,872 MWK

Yearly Trough Low 53,531 MWK

Transaction Impact: A difference of 3,247.82 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

11.2292

10.7227

JanuMarcMayJulySeptNove

JMD to MWK 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 11.0044, compared to 11.0294 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0250 points.

H1 Avg (Jan–Jun) 11.0044

H2 Avg (Jul–Dec) 11.0294

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.5482 MWK (High: 11.3248 / Low: 10.7766). On the other end, July was the most stable month, with a tight range of 0.0885 MWK (High: 11.1377 / Low: 11.0492).

March Spread (Volatile) ±0.5482

July Spread (Stable) ±0.0885

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 April and May, when the average rate fell by 0.0919 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0919

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 11.1870) against the same month in 2023 (average: 6.7332), the exchange rate shifted by +4.4538 (+66.15%).

2024 Avg (April) 11.1870

2023 Avg (April) 6.7332

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.9097	10.8032	10.8513
February	10.8385	10.7063	10.7649
March	11.3248	10.7766	10.9922
April	11.3559	11.1035	11.1870
May	11.1537	11.0434	11.0951
June	11.1894	11.0919	11.1360
July	11.1377	11.0492	11.0858
August	11.1020	10.9811	11.0546
September	11.1506	10.9916	11.0466
October	11.0228	10.9144	10.9586
November	11.0059	10.8826	10.9475
December	11.1400	11.0113	11.0832