2024 JMD to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 JMD to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the JMD to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 83.5844. Conversely, the yearly low was recorded on November 10, dropping to 15.7479.
This high-to-low spread represents a total annual volatility of 67.8365 SYP. From a start-to-finish perspective, comparing the January average rate of 16.2029 to the December average rate of 39.9514, the exchange rate registered a net change of 146.57% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 83.5844 was up 397.62% compared to the 2023 peak of 16.7967, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 JMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
JMD to SYP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 16.1574, compared to 19.9616 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.8042 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 67.6341 SYP (High: 83.5844 / Low: 15.9503). On the other end, July was the most stable month, with a tight range of 0.1330 SYP (High: 16.1476 / Low: 16.0147).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1362 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 39.9514) against the same month in 2023 (average: 16.1769), the exchange rate shifted by +23.7745 (+146.97%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.3259 | 16.1161 | 16.2029 |
| February | 16.1806 | 15.9593 | 16.0667 |
| March | 16.4027 | 16.1142 | 16.2552 |
| April | 16.4322 | 16.0553 | 16.2020 |
| May | 16.1850 | 16.0098 | 16.0773 |
| June | 16.2257 | 16.0568 | 16.1403 |
| July | 16.1476 | 16.0147 | 16.0684 |
| August | 16.2054 | 15.9375 | 16.0358 |
| September | 16.1656 | 15.9163 | 15.9972 |
| October | 15.9743 | 15.8118 | 15.8641 |
| November | 15.9770 | 15.7479 | 15.8529 |
| December | 83.5844 | 15.9503 | 39.9514 |