2024 JMD to ZAR Historical Review

YEARLY HIGH

0.1244 ZAR

YEARLY LOW

0.1089 ZAR

YEARLY AVERAGE

0.1173 ZAR

2024 JMD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JMD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 23, valuing the pair at 0.1244. Conversely, the yearly low was recorded on September 29, dropping to 0.1089.

This high-to-low spread represents a total annual volatility of 0.0155 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.1209 to the December average rate of 0.1166, the exchange rate registered a net change of -3.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1244 was down 3.07% compared to the 2023 peak of 0.1284, 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 622 ZAR

2023 Average 599 ZAR

Yearly Trough Low 544 ZAR

Transaction Impact: A difference of 77.75 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1231

0.1098

JanuMarcMayJulySeptNove

JMD to ZAR 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 0.1204, compared to 0.1141 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0063 points.

H1 Avg (Jan–Jun) 0.1204

H2 Avg (Jul–Dec) 0.1141

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0081 ZAR (High: 0.1212 / Low: 0.1131). On the other end, October was the most stable month, with a tight range of 0.0022 ZAR (High: 0.1121 / Low: 0.1099).

December Spread (Volatile) ±0.0081

October Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between January and March, 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 0.0040 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0040

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.1220) against the same month in 2023 (average: 0.1203), the exchange rate shifted by +0.0017 (+1.43%).

2024 Avg (March) 0.1220

2023 Avg (March) 0.1203

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1239	0.1178	0.1209
February	0.1237	0.1197	0.1216
March	0.1244	0.1199	0.1220
April	0.1241	0.1191	0.1218
May	0.1208	0.1157	0.1178
June	0.1222	0.1152	0.1183
July	0.1192	0.1146	0.1166
August	0.1191	0.1127	0.1153
September	0.1150	0.1089	0.1120
October	0.1121	0.1099	0.1109
November	0.1156	0.1094	0.1133
December	0.1212	0.1131	0.1166