2024 JMD to NPR Historical Review

YEARLY HIGH

0.8794 NPR

YEARLY LOW

0.8459 NPR

YEARLY AVERAGE

0.8560 NPR

2024 JMD to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JMD to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.8794. Conversely, the yearly low was recorded on February 15, dropping to 0.8459.

This high-to-low spread represents a total annual volatility of 0.0335 NPR. From a start-to-finish perspective, comparing the January average rate of 0.8574 to the December average rate of 0.8688, the exchange rate registered a net change of 1.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.8794 was up 0.08% compared to the 2023 peak of 0.8787, 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 4,397 NPR

2023 Average 4,287 NPR

Yearly Trough Low 4,230 NPR

Transaction Impact: A difference of 167.28 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8707

0.8473

JanuMarcMayJulySeptNove

JMD to NPR 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 0.8562, compared to 0.8558 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.8562

H2 Avg (Jul–Dec) 0.8558

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0240 NPR (High: 0.8714 / Low: 0.8474). On the other end, August was the most stable month, with a tight range of 0.0065 NPR (High: 0.8584 / Low: 0.8519).

March Spread (Volatile) ±0.0240

August Spread (Stable) ±0.0065

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 January and February, when the average rate fell by 0.0081 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0081

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.8688) against the same month in 2023 (average: 0.8583), the exchange rate shifted by +0.0104 (+1.21%).

2024 Avg (December) 0.8688

2023 Avg (December) 0.8583

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8712	0.8524	0.8574
February	0.8541	0.8459	0.8493
March	0.8714	0.8474	0.8590
April	0.8725	0.8538	0.8599
May	0.8607	0.8497	0.8534
June	0.8609	0.8537	0.8579
July	0.8585	0.8518	0.8551
August	0.8584	0.8519	0.8559
September	0.8626	0.8482	0.8539
October	0.8535	0.8464	0.8494
November	0.8590	0.8465	0.8514
December	0.8794	0.8590	0.8688