2024 JOD to EGP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 JOD to EGP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the JOD to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 72.0306. Conversely, the yearly low was recorded on January 7, dropping to 43.3081.
This high-to-low spread represents a total annual volatility of 28.7225 EGP. From a start-to-finish perspective, comparing the January average rate of 43.5414 to the December average rate of 71.2975, the exchange rate registered a net change of 63.75% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 72.0306 was up 64.24% compared to the 2023 peak of 43.8565, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 JOD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
JOD to EGP 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 58.7073, compared to 69.1337 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 10.4265 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 26.3629 EGP (High: 69.8990 / Low: 43.5361). On the other end, January was the most stable month, with a tight range of 0.4242 EGP (High: 43.7322 / Low: 43.3081).
Growth Streaks & Declines
TrendsBetween 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 0.7468 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 71.2975) against the same month in 2023 (average: 43.5555), the exchange rate shifted by +27.7420 (+63.69%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 43.7322 | 43.3081 | 43.5414 |
| February | 43.9906 | 43.4692 | 43.5897 |
| March | 69.8990 | 43.5361 | 63.6508 |
| April | 68.4449 | 66.5173 | 67.4496 |
| May | 67.6770 | 65.7870 | 66.7028 |
| June | 68.2696 | 66.4400 | 67.3092 |
| July | 68.5282 | 67.6317 | 67.9747 |
| August | 69.6721 | 68.5478 | 69.0010 |
| September | 68.7162 | 68.1465 | 68.3632 |
| October | 69.0220 | 68.0511 | 68.5445 |
| November | 70.1134 | 68.7581 | 69.6216 |
| December | 72.0306 | 70.1151 | 71.2975 |