2024 JMD to NOK Historical Review

YEARLY HIGH

0.0733 NOK

YEARLY LOW

0.0657 NOK

YEARLY AVERAGE

0.0688 NOK

2024 JMD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JMD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 0.0733. Conversely, the yearly low was recorded on January 1, dropping to 0.0657.

This high-to-low spread represents a total annual volatility of 0.0075 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0671 to the December average rate of 0.0718, the exchange rate registered a net change of 7.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0733 was up 0.81% compared to the 2023 peak of 0.0727, 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 366 NOK

2023 Average 343 NOK

Yearly Trough Low 329 NOK

Transaction Impact: A difference of 37.68 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0723

0.0666

JanuMarcMayJulySeptNove

JMD to NOK 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 0.0684, compared to 0.0691 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0684

H2 Avg (Jul–Dec) 0.0691

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0040 NOK (High: 0.0707 / Low: 0.0667). On the other end, June was the most stable month, with a tight range of 0.0014 NOK (High: 0.0689 / Low: 0.0675).

August Spread (Volatile) ±0.0040

June Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0016 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0718) against the same month in 2023 (average: 0.0677), the exchange rate shifted by +0.0041 (+6.05%).

2024 Avg (December) 0.0718

2023 Avg (December) 0.0677

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0679	0.0657	0.0671
February	0.0685	0.0667	0.0675
March	0.0706	0.0669	0.0687
April	0.0713	0.0689	0.0703
May	0.0707	0.0672	0.0687
June	0.0689	0.0675	0.0682
July	0.0706	0.0675	0.0690
August	0.0707	0.0667	0.0683
September	0.0693	0.0658	0.0675
October	0.0696	0.0670	0.0684
November	0.0708	0.0687	0.0697
December	0.0733	0.0702	0.0718